\n<\/p>\n
The Switzerland market ended on a firm note on Monday, rising in the closing minutes thanks to some brisk buying at a few frontline counters. <\/p>\n
The market, which opened on a negative note, recovered after the first hour, but kept moving along the flat line till the penultimate hour.<\/p>\n
Data showing a drop in Swiss unemployment rate aided sentiment.<\/p>\n
The benchmark SMI, which hit a new record high at 11,641.31, ended the session with a gain of 59.98 points or 0.52% at 11,630.66.<\/p>\n
Lonza Group shares gained nearly 4%. Roche Holding ended 2.4% up. Swatch Group climbed 2.2% and Richemont ended stronger by about 1.6%.<\/p>\n
Zurich Insurance Group, Swiss Re, Credit Suisse and Geberit shed 0.4 to 1%. Novartis, Swiss Life Holding and Givaudan also ended weak.<\/p>\n
Among the stocks in the Mid Price Index, Sonova rallied more than 3%. Kuehne & Nagel, BB Biotech, Lindt & Spruengli Part and Lindt & Spruengli N gained 1 to 1.3%.<\/p>\n
OC Oerlikon Corp and Dufry both ended lower by about 2.25%. Adecco, VAT Group, Temenos Group, Schindler Ps, Schindler Holding and Julius Baer lost 0.7 to 1%.<\/p>\n
Data released by the State Secretariat for Economic Affairs showed Switzerland’s jobless rate decreased in May, falling to 3% (seasonally adjusted) in the month from 3.2% in April.<\/p>\n
On an unadjusted basis, the unemployment rate fell to 3.1% in May from 3.3% in the previous month.<\/p>\n
The number of registered unemployed declined to 142,966 in May from 151,279 in the preceding month.<\/p>\n
The unemployment rate among the youth aged between 15 and 24, decreased to 2.4% in May from 2.7% in the prior month.<\/p>\n
According to a report from the Federal Statistical Office, Switzerland’s consumer prices rose for the second month in a row in May, growing by 0.6% year-on-year, after a 0.3% rise in April. This was in line with economists’ expectation.<\/p>\n
On a monthly basis, consumer prices rose 0.3% in May, after a 0.2% increase in the previous month.<\/p>\n
The core CPI rose 0.2% yearly in May and rose 0.2% from the previous month.<\/p>\n
The EU measure of harmonized index for consumer prices, or HICP rose 0.2% monthly in May and increased 0.3% from a year ago, the report showed. <\/p>\n<\/p>\n
Market Analysis<\/p>\n<\/div>\n