{"id":10827,"date":"2021-06-15T18:05:11","date_gmt":"2021-06-15T18:05:11","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/15\/swiss-market-rises-for-11th-straight-day\/"},"modified":"2021-06-15T18:05:11","modified_gmt":"2021-06-15T18:05:11","slug":"swiss-market-rises-for-11th-straight-day","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/15\/swiss-market-rises-for-11th-straight-day\/","title":{"rendered":"Swiss Market Rises For 11th Straight Day"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland market extended its winning streak to an eleventh consecutive session, as stocks moved higher on Tuesday amid rising optimism about the <span class=\"landLinks\">economy<\/span> after the government raised the country&#8217;s growth forecast for the year.<\/p>\n<p>The benchmark SMI ended with a gain of 55.56 points or 0.47% at 11,921.97 after hitting a new all-time high at 11,963.60.<\/p>\n<p>Swiss Life Holding, Givaudan, ABB, Nestle, Zurich Insurance Group, Swiss Re, Credit Suisse and Novartis gained 0.5 to 1%.<\/p>\n<p>In the Swiss Mid Price index, VAT Group gained nearly 2.5% and Lindt &amp; Spruengli climbed 2.25%. Helvetia, Clariant, Ems Chemie Holding, Sonova and Lindt &amp; Spruengli N gained 1.3 to 2%.<\/p>\n<p>OC Oerlikon Corp, Temenos Group, AMS, Adecco, Swiss Prime Site, PSP Swiss Property and BB Biotech shed 0.75 to 1.3%.<\/p>\n<p>The Swiss economy is expected to grow faster than previously estimated this year as the easing of <span class=\"landLinks\">coronavirus<\/span> measures triggered a swift recovery, the State Secretariat for Economic Affairs, or SECO, said in its quarterly economic forecast.<\/p>\n<p>The expert group of the federal government forecast gross domestic product to grow 3.6% this year instead of 3% growth estimated previously. The projection for 2022 was retained at 3.3%.<\/p>\n<p>GDP is expected to reach well above the pre-crisis level in the second half of 2021.<\/p>\n<p>Companies are projected to raise their investments and expand their workforces. Short-time working is likely to be reduced gradually and unemployment should fall further, the agency said.<\/p>\n<p>The unemployment rate is expected to come at an annual average of 3.1% for 2021 versus 3.3% projected in March. The rate is seen falling to 2.8% next year.<\/p>\n<p>The report also said that consumer prices may rise 0.4% this year, unchanged from the previous estimate. IT raised the projection for 2022 to 0.5% from 0.4%. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Swiss Market Rises For 11th Straight Day<\/a><br \/>\n<br \/>2021-06-15 18:05:11<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland market extended its winning streak to an eleventh consecutive session, as stocks moved higher on Tuesday amid rising optimism about the economy after the government raised the country&#8217;s&#8230;<\/p>\n","protected":false},"author":2,"featured_media":10828,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-10827","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=10827"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10827\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/10828"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=10827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=10827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=10827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}