{"id":14729,"date":"2021-10-06T17:46:34","date_gmt":"2021-10-06T17:46:34","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/10\/06\/swiss-market-recovers-after-sharp-setback-ends-just-marginally-down\/"},"modified":"2021-10-06T17:46:34","modified_gmt":"2021-10-06T17:46:34","slug":"swiss-market-recovers-after-sharp-setback-ends-just-marginally-down","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/10\/06\/swiss-market-recovers-after-sharp-setback-ends-just-marginally-down\/","title":{"rendered":"Swiss Market Recovers After Sharp Setback, Ends Just Marginally Down"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market spent the entire session on Wednesday in the negative territory as worries about rising inflation and higher interest rates hurt sentiment.<\/p>\n<p>However, the loss posted by the market in the session was just marginal as stock staged a fairly strong recovery from the day&#8217;s lows.<\/p>\n<p>The benchmark SMI ended down by 17.61 points or 0.15% at 11,569.39, well off the day&#8217;s low of 11,381.74.<\/p>\n<p>Richemont declined 2%. ABB, Logitech, Swisscom, UBS Group, Holcim and Credit Suisse ended lower by 1 to 1.5%.<\/p>\n<p>Alcon ended nearly 1% down. SGS, Swiss Life Holding, Novartis and Swiss Re lost 0.5 to 0.7%.<\/p>\n<p>Partners Group, Sika and Givaudan gained 1.1 to 1.3%, while Roche Holding moved up 0.88%.<\/p>\n<p>Among the stocks in the Mid Price Index, Dufry, AMS, OC Oerlikon Corp, Temenos Group, Clariant, Swatch Group, BB Biotech, VAT Group, Georg Fischer and Kuehne &amp; Nagel lost 1.7 to 3.2%.<\/p>\n<p>Ferrexpo, a Swiss iron ore company with assets in Ukraine, slumped more than 4%. The company reported that its third-quarter total iron ore pellet production increased 2 percent year-on-year to 2.6 million tons.<\/p>\n<p>Cembra Money Bank moved up nearly 1.5%, while Ems Chemie Holding, Galenica Sante and Lindt &amp; Spruengli ended modestly higher. <\/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 Recovers After Sharp Setback, Ends Just Marginally Down<\/a><br \/>\n<br \/>2021-10-06 17:46:34<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market spent the entire session on Wednesday in the negative territory as worries about rising inflation and higher interest rates hurt sentiment. However, the loss posted by&#8230;<\/p>\n","protected":false},"author":2,"featured_media":14730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-14729","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14729","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=14729"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/14730"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=14729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=14729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=14729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}