{"id":14776,"date":"2021-10-07T17:48:30","date_gmt":"2021-10-07T17:48:30","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/10\/07\/swiss-market-ends-on-buoyant-note-2\/"},"modified":"2021-10-07T17:48:30","modified_gmt":"2021-10-07T17:48:30","slug":"swiss-market-ends-on-buoyant-note-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/10\/07\/swiss-market-ends-on-buoyant-note-2\/","title":{"rendered":"Swiss Market Ends On Buoyant Note"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market ended on a buoyant note on Thursday, in line with other <span class=\"landLinks\">markets<\/span> in Europe, after U.S. lawmakers reached an agreement to temporarily extend the debt limit, avoiding a potential default.<\/p>\n<p>According to reports, Senate Majority Leader Chuck Schumer, D-N.Y., announced an agreement to extend the debt ceiling through early December.<\/p>\n<p>Data showing a drop in Swiss unemployment rate in the month of September contributed as well to the upbeat mood in the market.<\/p>\n<p>The benchmark SMI ended with a strong gain of 194.25 points or 1.68% at 11,763.64, slightly off the session&#8217;s high of 11,771.71.<\/p>\n<p>Richemont climbed 4.4%, Credit Suisse gained 3.8% and UBS Group firmed 3.6%. Partners Group gained about 3.1%.<\/p>\n<p>Sika shares rallied 3%. The Swiss specialty chemicals company confirmed fiscal 2021 targets, expecting sales growth in local currencies of 13% &#8211; 17% as well as an over-proportional EBIT increase.<\/p>\n<p>ABB gained 2.5%, while Logitech, Roche Holding, Swiss Life Holding and Holcim moved up by about 2%. Geberit, Novartis, Swiss Re and Alcon also rose sharply.<\/p>\n<p>In the Swiss Mid Price Index, AMS ended more than 4% up. Julius Baer, Adecco, Swatch Group, Cembra Money Bank, OC Oerlikon Corp, Dufry, Clariant, Logitech, BB Biotech, Temenos Group and Georg Fischer gained 1.8 to 3.2%.<\/p>\n<p>Data released by the State Secretariat for Economic Affairs showed the Swiss unemployment rate inched down to a non-seasonally adjusted 2.6% in September 2021, the lowest since February 2020. The number of unemployed people fell by 6,061, or 4.8% to 120,294. <\/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 On Buoyant Note<\/a><br \/>\n<br \/>2021-10-07 17:48:30<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended on a buoyant note on Thursday, in line with other markets in Europe, after U.S. lawmakers reached an agreement to temporarily extend the debt limit,&#8230;<\/p>\n","protected":false},"author":2,"featured_media":14777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-14776","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\/14776","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=14776"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14776\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/14777"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=14776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=14776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=14776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}