{"id":23385,"date":"2022-06-30T17:27:40","date_gmt":"2022-06-30T17:27:40","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/06\/30\/swiss-market-ends-on-weak-note-on-growth-concerns\/"},"modified":"2022-06-30T17:27:40","modified_gmt":"2022-06-30T17:27:40","slug":"swiss-market-ends-on-weak-note-on-growth-concerns","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/06\/30\/swiss-market-ends-on-weak-note-on-growth-concerns\/","title":{"rendered":"Swiss Market Ends On Weak Note On Growth Concerns"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market ended on a weak note on Thursday, in line with <span class=\"landLinks\">markets<\/span> across Europe, as worries about rising inflation and tighter policy stance of the central banks rendered the mood bearish.<\/p>\n<p>Data showing a drop in Swiss retail sales in the month of May weighed as well.<\/p>\n<p>The benchmark SMI ended with a loss of 70.54 points or 0.65% at 10,741.21. The index touched a low of 10,606.51.<\/p>\n<p>Credit Suisse ended more than 3% down. Geberit, Holcim, UBS Group, SGS, Partners Group and Givaudan lost 1.25 to 1.9%. Richemont shed about 1.1%. ABB, Nestle and Swiss Life Holding also closed notably lower.<\/p>\n<p>Swisscom gained 1.15%. Alcon and Lonza Group both ended nearly 1% up.<\/p>\n<p>In the Swiss Mid Price Index, Dufry ended more than 4% down. Bachem Holding drifted down 3.8%, while Zur Rose and Flughafen Zurich lost 2.9% and 2.8%, respectively.<\/p>\n<p>Tecan Group, Barry Callebaut, AMS, Temenos Group, Georg Fischer, Julius Baer and VAT Group lost 1.4 to 2.3%.<\/p>\n<p>Clariant climbed 3.3%. Lindt &amp; Spruengli Part gained 2% and Straumann Holding advanced 1.5%, while Lindt &amp; Spruengli N surged 1.1%.<\/p>\n<p>Data from the Federal Statistical Office showed Switzerland&#8217;s retail sales declined for the third straight month in May, falling by a working-day-adjusted 1.6% year-on-year, following a revised 5.5% decrease in April.<\/p>\n<p>In nominal terms, retail sales showed no variations in May compared to last year, after a 4.6% drop in the previous month.<\/p>\n<p>Sales of food, beverages and tobacco declined 6.8% yearly in May, while sales of non-food rose 0.8%, the agency said.<\/p>\n<p>On a monthly basis, retail sales increased a seasonally adjusted 1.1% in May, the data showed. <\/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 On Growth Concerns<\/a><br \/>\n<br \/>2022-06-30 17:27:40<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended on a weak note on Thursday, in line with markets across Europe, as worries about rising inflation and tighter policy stance of the central banks&#8230;<\/p>\n","protected":false},"author":2,"featured_media":23386,"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-23385","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23385","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=23385"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/23386"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=23385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=23385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=23385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}