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(RTTNews) - The Switzerland market ended modestly higher on Friday, after moving in a narrow range in positive territory right through the session. Lower oil prices and bond yields amid hopes about potential opening of the Strait of Hormuz in seven days lifted investor sentiment.
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Key PointsOtis’s elevator service franchise offers durable cash flow, but margins face pressure from costs and China.
UOB’s Quek Ser Leang and Lee Sue Ann note USD/SGD held steady around 1.2800 after Wednesday’s surge, with the Singapore Dollar (SGD) supported by expectations of further MAS tightening.
BofA analysts say they now expect falling sales through May, dashing prior hopes for a “spring inflection.”
US prosecutors alleged that a payments business illegally transferred hundreds of millions of dollars at the direction of EQIBank, where Tether holds some assets.
Wall Street climbed on Friday, lifted by Microsoft and other AI-related technology stocks, while high oil prices and a recent surge in U.S. Treasury yields kept investors on edge.
Quantum computing stocks are popular, but not all of them have what it takes.
