{"id":12316,"date":"2021-07-28T17:51:09","date_gmt":"2021-07-28T17:51:09","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/28\/swiss-market-ends-modestly-higher-6\/"},"modified":"2021-07-28T17:51:09","modified_gmt":"2021-07-28T17:51:09","slug":"swiss-market-ends-modestly-higher-6","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/28\/swiss-market-ends-modestly-higher-6\/","title":{"rendered":"Swiss Market Ends Modestly Higher"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market ended higher on Wednesday, in line with the trend seen across Europe, as upbeat earnings updates from several top name companies helped offset worries about a surge in <span class=\"landLinks\">coronavirus<\/span> cases.<\/p>\n<p>Investors also looked ahead to the U.S. Federal Reserve&#8217;s monetary policy announcement, due later in the day, for clues about timing of tapering of the bank&#8217;s asset buying program.<\/p>\n<p>The benchmark SMI ended the session with a gain of 52.14 points or 0.43% at 12,073.23, after moving in a very tight range between 12,032.97 and 12,080.15.<\/p>\n<p>Alcon climbed 2.7%, while Partners Group, Richemont and SGS gained 1.1 to 1.3%. Roche Holding, Geberit, Novartis and Givaudan moved up 0.65 to 1%.<\/p>\n<p>Credit Suisse and UBS Group shed 0.8% and 0.67%, respectively. ABB and Nestle settled with modest losses.<\/p>\n<p>Among the stocks in the Mid Price Index, SIG Combibloc rallied 3%, Dufry gained 2.75% and Straumann Holding climbed 2.3%. <\/p>\n<p>Sonova, Tecan Group, BB Biotech, VAT Group, Flughafen Zurich and AMS gained 1.25 to 2%, while Temenos Group, EMS Chemie Holding, Julius Baer and Galenica Sante ended higher by 0.8 to 1%.<\/p>\n<p>Adecco shares plunged nearly 8%. The company reported revenue \u20ac5.26 billion for the second quarter ended 30 June 2021. The company also announced the acquisition of AKKA Technologies, a global engineering consulting firm with \u20ac1.5 billion in 2020 annual revenue.<\/p>\n<p>Logitech and Lindt &amp; Spruengli shed 1.3% and 1.25%, respectively. OC Oerlikon Corp ended nearly 1% down. <\/p>\n<\/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 Modestly Higher<\/a><br \/>\n<br \/>2021-07-28 17:51:09<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended higher on Wednesday, in line with the trend seen across Europe, as upbeat earnings updates from several top name companies helped offset worries about a&#8230;<\/p>\n","protected":false},"author":2,"featured_media":12317,"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-12316","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12316","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=12316"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12316\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/12317"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=12316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=12316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=12316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}