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The Switzerland stock market climbed to fresh new high on Friday as the mood remained bullish once again amid continued optimism about global economic recovery and strong corporate earnings.<\/p>\n
Worries about the spread of the delta variant of the coronavirus<\/span> did weigh, but the market still managed to stay firm right through the day’s session.<\/p>\n The benchmark SMI ended with a gain of 35.27 points or 0.28% at 12,464.44, a new closing high. The index touched a high of 12,478.66.<\/p>\n Nestle, Zurich Insurance Group, Partners Group, Swiss Life Holding, Swiss Re and Givaudan gained 0.5 to 0.85%.<\/p>\n Swatch Group shed about 1.1%, while Alcon, Credit Suisse and SGS closed lower by about 0.75%. Geberit ended nearly 0.5% down.<\/p>\n Among the stocks in the Swiss Mid Price Index, Dufry climbed 1.82%, while Julius Baer, Vifor Pharma, Helvetia and Galenica Sante gained 1 to 1.1%.<\/p>\n Logitech declined more than 2%. Straumann Holding, Adecco, AMS and Tecan Group ended lower by 0.8 to 1.1%.<\/p>\n On the economic front, data from the Federal Statistical Office showed Switzerland’s producer and import prices rose 3.3% year-on-year in July.<\/p>\n The producer price index increased 2.1% annually in July and import prices accelerated 5.9%.<\/p>\n On a monthly basis, producer and import prices increased 0.5 percent in July. <\/p>\n<\/p>\n<\/div>\n