{"id":13314,"date":"2021-08-26T17:53:37","date_gmt":"2021-08-26T17:53:37","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/08\/26\/swiss-market-closes-higher-on-encouraging-jobs-data\/"},"modified":"2021-08-26T17:53:37","modified_gmt":"2021-08-26T17:53:37","slug":"swiss-market-closes-higher-on-encouraging-jobs-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/08\/26\/swiss-market-closes-higher-on-encouraging-jobs-data\/","title":{"rendered":"Swiss Market Closes Higher On Encouraging Jobs Data"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market ended modestly higher on Thursday, bucking the largely negative trend in Europe, thanks to data showing non-farm payrolls employment in the country rose for the first time since the first quarter of 2020.<\/p>\n<p>The market, which recovered after a weak start, briefly slipped into the red around late morning, but swiftly emerged higher and stayed positive till the end of the session.<\/p>\n<p>The benchmark SMI ended with a gain of 44.46 points or 0.36% at 12,409.03. The index, which edged down to 12,329.77 in early trades, rose to a high of 12,424.25 past mid afternoon.<\/p>\n<p>Roche Holding, Alcon and Geberit gained nearly 1%. Sika climbed 0.73%, ABB gained 0.67% and Novartis ended 0.5% up. Holcim and Nestle both gained nearly 0.5%.<\/p>\n<p>Credit Suisse, Lonza Group, Partners Group, UBS Group, Zurich Insurance Group and Swiss Re lost 0.4 to 0.83%.<\/p>\n<p>Among the stocks in the Swiss Mid Price Index, Galenica Sante and VAT Group moved up 1.4% and 1.1%, respectively. Schindler Holding, Lindt &amp; Spruengli, Schindler Ps, Vifor Pharma and Adecco gained 0.5 to 0.84%.<\/p>\n<p>AMS and Dufry declined 2.07% and 1.94%, respectively. Cembra Money Bank shed about 1.25% and Baloise Holding lost 0.85%.<\/p>\n<p>Data from Swiss Federal Statistical Office showed non-farm payrolls in the country increased by 0.6% year-on-year to 5.126 million in the second quarter of 2021, after a 0.6% decline in the previous three-month period.<\/p>\n<p>Payrolls in services rose 1.1% to 4.043 million, while employment in the industrial sector fell 1.2% to 1.083 million, the data showed. <\/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 Closes Higher On Encouraging Jobs Data<\/a><br \/>\n<br \/>2021-08-26 17:53:37<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended modestly higher on Thursday, bucking the largely negative trend in Europe, thanks to data showing non-farm payrolls employment in the country rose for the first&#8230;<\/p>\n","protected":false},"author":2,"featured_media":13315,"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-13314","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13314","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=13314"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13314\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/13315"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=13314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=13314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=13314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}