{
}
The SPI index closed 1.06% higher at 16,950.37 points, reflecting a year-to-date increase of 9.23%. Strong performers included Adval Tech and EFG International, while Pierer Mobility saw the largest decline. UBS led in trading volume, and Nestlé maintained the highest market capitalization.
FlexiLoans, a non-banking financial company (NBFC), has secured INR 375 crore in funding to enhance its product offerings. This investment aims to strengthen the company's position in the market and expand its services to better meet customer needs.
Rents for new or re-rented apartments in Switzerland rose by 0.1% in May compared to April, with a year-on-year increase of 1.7%. All 25 analyzed cantons reported annual growth, led by Zug at +7.1% and Nidwalden at +6.9%. The pace of rent growth has slowed slightly from previous months.
Rents for new or re-rented apartments in Switzerland continue to rise, albeit at a slower rate, with a 0.1% increase in May compared to April and a 1.7% rise over the past year. All 25 cantons reported annual increases, with Zug and Nidwalden seeing the highest at 7.1% and 6.9%, respectively.
Representatives from the US and China are negotiating in London, with an urgent need for an agreement as trade between the two nations plummeted in May. The DAX is facing uncertainty due to potential tariff policy changes, with a critical support level at 24,212 points that, if breached, could signal a trend reversal.
U.S. Treasury yields dipped following a mixed jobs report, with UBS strategists maintaining a long position on 10-year Treasuries despite a slowdown in job growth. They highlight that while inflation expectations have risen, this has not translated into higher wage demands. Financial markets remain cautious as investors await developments in U.S.-China trade talks.
Tonik aims to achieve cash flow breakeven by 2025 as it continues to reduce its losses. The company is focused on improving its financial performance in the coming years.
The DAX fell 0.5% on Whit Monday, closing at 24,174 points after reaching historic highs the previous week. The index opened lower and struggled to regain momentum, with support seen at 24,152. A rise above 24,326 could lead to new record highs, while a drop below 24,000 may target lower thresholds.
Renting costs in Switzerland are on the rise, with new or re-rented apartments seeing a 0.1% increase in May compared to April, and a 1.7% increase year-over-year. All 25 cantons reported annual growth, with Zug and Nidwalden experiencing the highest increases at 7.1% and 6.9%, respectively.
Bengaluru-based fintech unicorn Cred has secured ₹617 crore (US$72 million) in a funding round led by Singapore’s GIC, which invested ₹354.4 crore (US$41 million). Despite a valuation drop from US$6.4 billion in 2022 to about US$3.5 billion, Cred reported a 66% revenue growth to ₹2,473 crore in FY24, reflecting a broader fintech recalibration. The company has expanded its offerings beyond credit card payments to include lending, e-commerce, and wealth management, targeting affluent consumers in India.
Economic Indicators
SubCategory
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
SPI Index Rises as EFG International and Adval Tech Lead Gains
Euro
Edisun Power Europe Ltd.
EFG International AG
Klingelnberg AG
PIERER Mobility AG
ORIOR AG
Phoenix Mecano AG
Peach Property Group AG
Leclanche S.A.
Nestlé S.A.
Relief Therapeutics SA
BB Biotech AG
CHE
Show more
22:43 10.06.2025
FlexiLoans secures 375 crore funding to enhance product offerings
20:54 10.06.2025
Swiss Rent Increases Slow as New Apartment Costs Continue to Rise
12:00 10.06.2025
Swiss Rental Prices Continue to Rise but Growth Slows in May
12:00 10.06.2025
US China Trade Talks Impact DAX Amid Economic Uncertainty
11:39 10.06.2025
US Treasury Yields Dip as Job Growth Slows Amid Trade Talks
11:16 10.06.2025
Tonik aims for cash flow breakeven by 2025 as losses decrease
09:06 10.06.2025
DAX Declines on Whit Monday Amid Consolidation After Historic Highs
08:26 10.06.2025
Swiss Rental Prices Rise Moderately with Annual Increases Across All Cantons
08:26 10.06.2025
cred secures 72 million funding led by gic amid valuation drop
07:51 10.06.2025
Trending
Subcategory
Countries:
Companies:
Currencies:
People:
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.