Manfred Hofer News
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Most Swiss stocks fell as fear that the so-called fiscal cliff of automatic spending cuts and tax increases may push the world’s biggest economy into recession offset better-than-expected U.S. consumer confidence data.
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Most Swiss stocks fell as investors awaited an announcement from the Federal Reserve that may signal more stimulus for the U.S. economy.
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Swiss stocks tumbled the most in 2 1/2 years as the franc strengthened to a record against the euro amid concern that U.S. growth is slowing and speculation the world’s largest economy may lose its top credit rating.
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Swiss stocks fell for the first time in three days after reports showed that economic confidence in the euro area dropped and more Americans than forecast applied for unemployment benefits.
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Swiss stocks fell for a fourth day as financial shares declined after Hungary raised less money than its government had targeted in a bond auction, offsetting gains by Actelion Ltd. and Swatch Group AG .
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Swiss stocks climbed to the highest level since July amid speculation euro-area leaders are moving toward agreeing on a strategy to help stem the debt crisis.
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Swiss equities declined as losses at banks and a slump in sales at Roche Holding AG overshadowed gains at Syngenta AG and Swiss Reinsurance Co.
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Swiss stocks advanced for a third day as Swatch Group AG said profit and sales reached record levels in the first four months of the year and the Spanish government announced a package of spending cuts.
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Swiss stocks fell for a third day as declines in Holcim Ltd. and luxury-goods makers offset an increase in Transocean Ltd. and ABB Ltd.
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European stocks rose for a second day as a rally in mining companies and U.K. banks outweighed a bigger-than-forecast decline in U.S. consumer confidence.
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