{"id":18243,"date":"2022-02-04T18:28:19","date_gmt":"2022-02-04T18:28:19","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/02\/04\/swiss-market-retreats-after-positive-start-ends-notably-lower\/"},"modified":"2022-02-04T18:28:19","modified_gmt":"2022-02-04T18:28:19","slug":"swiss-market-retreats-after-positive-start-ends-notably-lower","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/02\/04\/swiss-market-retreats-after-positive-start-ends-notably-lower\/","title":{"rendered":"Swiss Market Retreats After Positive Start, Ends Notably Lower"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Despite opening on a firm note and holding in positive territory around mid-morning, the Switzerland market ended notably lower on Friday as stocks drifted lower in afternoon trades, tracking weakness in other <span class=\"landLinks\">markets<\/span> across Europe.<\/p>\n<p>The benchmark SMI, which advanced to 12,305.79 in early trades, ended the day with a loss of 93.90 points or 0.77% at 12,140.25.<\/p>\n<p>Richemont declined nearly 3%. Swiss Re shed about 2.5%. Sika, Holcim, ABB, Partners Group, Logitech, Geberit and Zurich Insurance Group lost 1.2 to 1.6%.<\/p>\n<p>Swiss Life Holding, SGS, Roche Holding, Credit Suisse, Givaudan and UBS Group declined 0.7 to 1%. Novartis and Swisscom gained 0.45% and 0.3%, respectively.<\/p>\n<p>Among the stocks in the Swiss Mid Price Index, Tecan Group and VAT Group ended lower by 2.8% and 2.6%, respectively. Georg Fischer, PSP Swiss Property, Schindler Holding and Dufry lost 1.6 to 2.1%.<\/p>\n<p>SIG Combibloc, Swiss Prime Site, OC Oerlikon Corp, Helvetia and Kuehne &amp; Nagel also ended notably lower.<\/p>\n<p>Among other major markets in Europe, France and Germany closed notably lower with their benchmark indices CAC 40 and the DAX drifting down 0.77% and 1.75%, respectively. The U.K.&#8217;s FTSE 100 edged down 0.17% and the pan European Stoxx 600 dropped 1.38%.<\/p>\n<p>The pan European Stoxx 600 dropped 1.38%, Germany&#8217;s DAX declined 1.75% and France&#8217;s CAC 40 drifted down 0.77%, while the U.K.&#8217;s FTSE 100 edged down 0.17%. Switzerland&#8217;s SMI closed lower by 0.77%. <\/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 Retreats After Positive Start, Ends Notably Lower<\/a><br \/>\n<br \/>2022-02-04 18:28:19<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite opening on a firm note and holding in positive territory around mid-morning, the Switzerland market ended notably lower on Friday as stocks drifted lower in afternoon trades, tracking weakness&#8230;<\/p>\n","protected":false},"author":2,"featured_media":18244,"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-18243","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/18243","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=18243"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/18243\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/18244"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=18243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=18243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=18243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}