{"id":11608,"date":"2021-07-08T18:27:44","date_gmt":"2021-07-08T18:27:44","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/08\/swiss-market-ends-notably-lower-3\/"},"modified":"2021-07-08T18:27:44","modified_gmt":"2021-07-08T18:27:44","slug":"swiss-market-ends-notably-lower-3","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/08\/swiss-market-ends-notably-lower-3\/","title":{"rendered":"Swiss Market Ends Notably Lower"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Swiss stocks closed sharply lower on Thursday, tracking weakness in global <span class=\"landLinks\">markets<\/span> amid renewed uncertainty about the pace of global economic rebound.<\/p>\n<p>A surge in the delta variant of the <span class=\"landLinks\">coronavirus<\/span> infections in parts of the globe and inflationary concerns in the U.S. weighed as well.<\/p>\n<p>The benchmark SMI, which closed at new record high on Wednesday, ended with a loss of 160.85 points or 1.33% at 11,924.66 today, after spending the entire duration of the session in negative territory.<\/p>\n<p>UBS Group and Swatch Group lost 3.58% and 3.42%, respectively. Richemont, Credit Suisse, Partners Group, Alcon, Swiss Life HOlding and Zurich Insurance Group ended lower by 2 to 2.7%.<\/p>\n<p>Holcim ended 2.5% down after launching new Group identity.<\/p>\n<p>Givaudan, Lonza Group, Sika, Novartis and Swisscom also ended notably lower, while Roche Holding closed 0.56% down.<\/p>\n<p>In the Mid Price Index, Julius Baer shed about 4.4% and AMS declined 4.2%. Dufry, Adecco, Tecan Group and Kuehne &amp; Nagel lost 2.2 to 3.56%. Cembra Money Bank, SIG Combibloc, Baloise Holding and Flughafen Zurich also ended sharply lower.<\/p>\n<p>In economic news, data from the State Secretariat for Economic Affairs showed Switzerland&#8217;s jobless rate decreased marginally in June, falling to 3.1% (seasonally adjusted), from 3.2% in May.<\/p>\n<p>On an unadjusted basis, the unemployment rate fell to 2.8% in June from 3.1% in the previous month.<\/p>\n<p>The number of registered unemployed declined to 131,821 in June from 142,966 in the preceding month. The unemployment rate among the youth aged between 15 and 24, decreased to 2.2% in June from 2.4% in the prior month. <\/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 Notably Lower<\/a><br \/>\n<br \/>2021-07-08 18:27:44<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Swiss stocks closed sharply lower on Thursday, tracking weakness in global markets amid renewed uncertainty about the pace of global economic rebound. A surge in the delta variant of the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11609,"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-11608","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11608","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=11608"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11609"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}