{"id":13418,"date":"2021-08-30T17:45:01","date_gmt":"2021-08-30T17:45:01","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/08\/30\/swiss-market-ends-flat-2\/"},"modified":"2021-08-30T17:45:01","modified_gmt":"2021-08-30T17:45:01","slug":"swiss-market-ends-flat-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/08\/30\/swiss-market-ends-flat-2\/","title":{"rendered":"Swiss Market Ends Flat"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market ended flat on Monday, weighed down by weak economic data and a lack of positive triggers.<\/p>\n<p>Movements were a bit volatile as investors looked for direction. After a weak start, the market rebounded into positive territory by late morning, but faltered around noon and languished in negative territory till about an hour before the closing bell.<\/p>\n<p>The benchmark SMI ended down 2.42 points or 0.02% at 12,436.58. The index moved in a very tight band between 12,404.35 and 12,444.59.<\/p>\n<p>Alcon gained about 0.9%, Nestle climbed 0.53% and ABB gained 0.44%. Credit Suisse and Sika also posted modest gains.<\/p>\n<p>Swiss Re and Richemont ended lower by 1.2% and 1.06%, respectively. Swatch Group, UBS Group, Novartis and Lonza Group ended modestly lower.<\/p>\n<p>In the Mid Price index, VAT Group climbed 3.7% and Cembra Money Bank gained 2.8%, while Kuehne &amp; Nagel, Logitech, Lindt &amp; Spruengli N and Tecan Group gained 1.2 to 1.6%.<\/p>\n<p>Baloise, Flughafen Zurich, Vifor Pharma and Julius Baer ended weak.<\/p>\n<p>Switzerland&#8217;s economic sentiment weakened for a third month in a row and at a sharp rate in August, suggesting that the recovery from the pandemic is set to continued albeit at a slower pace, results of a survey showed Monday.<\/p>\n<p>The Economic Barometer fell to 113.5 from 130.9 in July, revised from 129.8, the monthly survey by the KOF economic institute showed. Economists had forecast a score of 125.0.<\/p>\n<p>The reading remained significantly above its long-term average.<\/p>\n<p>&#8220;Accordingly, in the coming months the economic recovery from the consequences of the pandemic is expected to continue,&#8221; KOF said.<\/p>\n<p>All indicator groups except those from the construction industry contributed to this decline, the institute added.<\/p>\n<p>&#8220;The fourth wave of the pandemic, which is now becoming increasingly clear, is apparently fueling doubts about largely unhindered economic activity in the near future,&#8221; KOF said. <\/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 Flat<\/a><br \/>\n<br \/>2021-08-30 17:45:01<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended flat on Monday, weighed down by weak economic data and a lack of positive triggers. Movements were a bit volatile as investors looked for direction&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":13419,"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-13418","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13418","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=13418"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13418\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/13419"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=13418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=13418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=13418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}