{"id":13455,"date":"2021-08-31T18:02:22","date_gmt":"2021-08-31T18:02:22","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/08\/31\/swiss-market-ends-on-weak-note-2\/"},"modified":"2021-08-31T18:02:22","modified_gmt":"2021-08-31T18:02:22","slug":"swiss-market-ends-on-weak-note-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/08\/31\/swiss-market-ends-on-weak-note-2\/","title":{"rendered":"Swiss Market Ends On Weak Note"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market closed lower on Tuesday, in line with most of the <span class=\"landLinks\">markets<\/span> across Europe, as worries about growth and rising coronavirus cases outweighed somewhat fading concerns about Fed taper and rendered the mood cautious.<\/p>\n<p>The benchmark SMI ended down by 25.47 points or 0.2% at 12,411.11, after moving between 12,398.34 and 12,494.65.<\/p>\n<p>ABB, Swatch Group, Swiss Life Holding, Richemont and Nestle lost 1 to 1.3%, while Sika and Givaudan shed nearly 1% and 0.88%, respectively.<\/p>\n<p>Holcim, Swiss Re and Geberit lost 0.6 to 0.72%, while Swisscom and UBS closed modestly lower.<\/p>\n<p>Novartis gained 0.86% and Roche Holding climbed 0.53%. SGS and Alcom edged up marginally.<\/p>\n<p>Among the stocks in the Swiss Mid Price Group, Tecan Group and Logitech both ended lower by 3.1%. Cembra Money Bank shed about 2.5%.<\/p>\n<p>VAT Group, PSP Swiss Property, Sonova, Barry Callebaut, Adecco, Ems Chemie Holding, Schindler Ps and Swiss Prime Site ended lower by 1.4 to 2.1%.<\/p>\n<p>Lindt &amp; Spruengli surged up 1.1%. Temenos Group gained about 0.85%, while Straumann Holding and SIG Combibloc edged up marginally.<\/p>\n<p>In economic news, The KOF Economic Barometer in Switzerland declined to 113.5 in August of 2021 from an upwardly revised 130.9 in July and below market expectations of 125.<\/p>\n<p>In virus news, the US has reintroduced <span class=\"landLinks\">health<\/span> warnings for Americans travelling to Switzerland, while the Swiss government is considering quarantines. <\/p>\n<p>According to reports, the U.S. has raised its travel advisory levels for Switzerland because of rising Covid-19 infections rates. The US state department and the Centers for Disease Control and Prevention warned people who have been fully vaccinated of a risk of catching the virus in Switzerland due to the health situation. <\/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 On Weak Note<\/a><br \/>\n<br \/>2021-08-31 18:02:22<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market closed lower on Tuesday, in line with most of the markets across Europe, as worries about growth and rising coronavirus cases outweighed somewhat fading concerns about&#8230;<\/p>\n","protected":false},"author":2,"featured_media":13456,"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-13455","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13455","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=13455"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13455\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/13456"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=13455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=13455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=13455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}