Dollar Extends Losses Against Peers On Weak Jobs Data
WASHINGTON (dpa-AFX) - The U.S. dollar lost ground against most of its major counterparts on Friday after data showed a much smaller than expected increase in non-farm payroll employment in the month of April.
The weaker than expected data reinforced the view the Federal Reserve will leave ultra-easy monetary policy in place for the foreseeable future.
Data from the Labor Department showed non-farm payroll employment in the U.S. increased by far less than expected in the month of April, rising by 266,000 jobs, after surging by a downwardly revised 770,000 jobs in March.
Switzerland says U.S. announcement on vaccine patent waiver leaves questions Reuters 2 days ago
ZURICH, May 6 (Reuters) - The Swiss government said on Thursday a U.S. announcement to support waiving intellectual property rights for COVID-19 vaccines was a significant announcement but left many questions unanswered. This is an important announcement by the U.S., but many questions remain unanswered about the specific solutions it is considering in this context, the State Secretariat for Economic Affairs (SECO) said in an emailed statement.
SECO said Switzerland was still convinced that waiving intellectual property rights in the context of the pandemic could not guarantee fair, affordable and rapid access to vaccines, drugs and diagnostic products against COVID-19.
Swiss Market Closes Notably Lower
BRUSSELS (dpa-AFX) - The Switzerland stock market ended notably lower on Tuesday, in line with the trend across Europe, as worries about valuation and a bit of uncertainty about the pace of economic recovery due to surging coronavirus cases hurt sentiment.
The benchmark SMI ended down with a loss of 148.07 points or 1.33% at 10,970.93, slightly off the day s low of 10,959.78. The index advanced to a high of 11,144.83 in opening trades but lost momentum within the next few minutes.
Adecco shares ended more than 5% down after the company, which posted a profit in the first quarter, cautioned that COVID-19 related uncertainties remain elevated.
BRUSSELS (dpa-AFX) - Swiss consumer sentiment improved in April as expectations regarding economic outlook turned positive, quarterly survey results from the State Secretariat for Economic Affairs