{"id":15857,"date":"2021-11-08T18:07:50","date_gmt":"2021-11-08T18:07:50","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/11\/08\/swiss-market-closes-modestly-higher-8\/"},"modified":"2021-11-08T18:07:50","modified_gmt":"2021-11-08T18:07:50","slug":"swiss-market-closes-modestly-higher-8","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/11\/08\/swiss-market-closes-modestly-higher-8\/","title":{"rendered":"Swiss Market Closes Modestly Higher"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market closed modestly higher on Monday after holding in positive territory right through the day&#8217;s session.<\/p>\n<p>Data showing a marginal drop in Switzerland&#8217;s unemployment rate aided sentiment.<\/p>\n<p>The benchmark SMI ended with a gain of 31.50 points or 0.26% at 12,353.35.<\/p>\n<p>Richemont climbed 2.83%. The stock rallied on reports that Third Point, the New York-based hedge fund founded by US activist investor Daniel Loeb has bought a stake in the luxury goods group.<\/p>\n<p>ABB, Geberit, Alcon, Givaudan, Sika, Credit Suisse and Logitech gained 0.7 to 1.2%. UBS Group edged up marginally.<\/p>\n<p>Nestle, Swisscom, Zurich Insurance Group and Partners Group shed 0.2 to 0.8%. Novartis ended flat.<\/p>\n<p>In the Mid Price Index, VAT Group and OC Oerlikon Corp gained 2.65% and 2.55%, respectively. Kuehne &amp; Nagel, Tecan Group, Vifor Pharma and Georg Fischer moved up 1.5 to 2%.<\/p>\n<p>Straumann Holding, Lindt &amp; Spruengli, Ems Chemie Holding, Swatch Group and Logitech also ended notably higher.<\/p>\n<p>AMS, Zur Rose, Cembra Money Bank, Barry Callebaut, Clariant and PSP Swiss Property shed 1 to 2%.<\/p>\n<p>Data from the State Secretariat for Economic Affairs showed Switzerland&#8217;s jobless rate fell to a seasonally adjusted 2.7% in October from 2.8% in September.<\/p>\n<p>On an unadjusted basis, the unemployment rate fell to 2.5% in October from 2.6% in the previous month.<\/p>\n<p>The number of registered unemployed declined to 116,733 in October from 120,294 in the preceding month.<\/p>\n<p>The unemployment rate among the youth aged between 15 and 24, increased to 2.1% in October from 2.1% in the prior month. <\/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 Modestly Higher<\/a><br \/>\n<br \/>2021-11-08 18:07:50<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market closed modestly higher on Monday after holding in positive territory right through the day&#8217;s session. Data showing a marginal drop in Switzerland&#8217;s unemployment rate aided sentiment&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":15858,"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-15857","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/15857","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=15857"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/15857\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/15858"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=15857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=15857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=15857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}