{"id":11125,"date":"2021-06-23T18:12:46","date_gmt":"2021-06-23T18:12:46","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/23\/swiss-market-ends-weak-3\/"},"modified":"2021-06-23T18:12:46","modified_gmt":"2021-06-23T18:12:46","slug":"swiss-market-ends-weak-3","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/23\/swiss-market-ends-weak-3\/","title":{"rendered":"Swiss Market Ends Weak"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market ended notably lower on Wednesday, in line with the trend seen across Europe, amid rising worries about inflation.<\/p>\n<p>The market opened weak, and despite making a few attempts to emerge into positive territory till a little past mid afternoon, slid in the final hour as selling at a few counters intensified.<\/p>\n<p>The benchmark SMI ended with a loss of 83.86 points or 0.7% at 11,898.62, the day&#8217;s low.<\/p>\n<p>Roche Holding and Swisscom shed 1.4% and 1.3%, respectively. Novartis and Holcim both ended nearly 1% down. Swiss Life Holding, Zurich Insurance Group, Richemont, Alcon and ABB shed 0.6 to 0.8%.<\/p>\n<p>Swiss Re Group shares ended 0.6% down after the company announced it has reduced its shareholding in Phoenix Group Holdings. <\/p>\n<p>Sika, Credit Suisse and Swatch Group posted modest gains, while UBS Group edged up marginally.<\/p>\n<p>Among the stocks in Swiss Mid Price Index, OC Oerlikon Corp ended lower by 2%. Tecan Group, Ems Chemie Holding, Galenica Sante, Flughafen Zurich, Kuehne &amp; Nagel, Balosie Holding, Clariant and Cembra Money Bank lost 1 to 1.6%.<\/p>\n<p>Straumann Holding, Schindler Ps and AMS gained 1.15%, 0.75% and 0.56%, respectively.<\/p>\n<p>According to reports, the Swiss government announced today that large events topping 10,000 people will be allowed from Saturday, provided attendees have so-called COVID certificates showing they are vaccinated, recovered from COVID-19 or have tested negative.<\/p>\n<p>According to the announcement, mask-wearing outdoors will no longer be required, restaurant seating will be unlimited and discos can re-open their doors, with no masks required for people with COVID certificates.<\/p>\n<p>Switzerland had earlier planned to allow 10,000-person events from August 20, but Swiss Health Minister Alain Berset said there was &#8220;no reason to wait&#8221; as new infections fell to 154 on Wednesday. <\/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 Ends Weak<\/a><br \/>\n<br \/>2021-06-23 18:12:46<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended notably lower on Wednesday, in line with the trend seen across Europe, amid rising worries about inflation. The market opened weak, and despite making a&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11126,"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-11125","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11125","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=11125"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11126"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}