{"id":24571,"date":"2022-08-08T17:03:56","date_gmt":"2022-08-08T17:03:56","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/08\/08\/swiss-market-ends-modestly-higher-15\/"},"modified":"2022-08-08T17:03:56","modified_gmt":"2022-08-08T17:03:56","slug":"swiss-market-ends-modestly-higher-15","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/08\/08\/swiss-market-ends-modestly-higher-15\/","title":{"rendered":"Swiss Market Ends 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 ended modestly higher after moving in a tight range once again, with investors tracking global cues and largely making cautious moves.<\/p>\n<p>Investors also digested Swiss unemployment data released earlier in the day.<\/p>\n<p>The benchmark SMI, which moved between 11,144.77 ad 11,210.34, ended the day with a gain of 43.25 points or 0.39% at 11,166.32.<\/p>\n<p>Geberit, up 2.75%, was the top gainer in the SMI. Partners Group gained 2.72%, Credit Suisse advanced 2.17% and Richemont gained 1.73%, while UBS Group climbed 1.58%.<\/p>\n<p>Zurich Insurance Group, Givaudan, Swiss Life Insurance, Swiss Re and Sika also ended with notable gains.<\/p>\n<p>Alcon drifted down 1.35%. Swisscom ended 1.24% down and Roche Holding eased 0.27%.<\/p>\n<p>In the Swiss Mid Price Index, BB Biotech, Zur Rose, Dufry, PSP Swiss Property, Bachem Holding, Straumann Holding, Tecan Group and VAT Group gained 2 to 3%.<\/p>\n<p>Kuehne &amp; Nagel ended nearly 2% down. Barry Callebaut, AMS and Galenica Sante shed 0.4 to 0.7%.<\/p>\n<p>Data released by the State Secretariat for Economic Affairs, or SECO, showed Switzerland&#8217;s unemployment rate held steady in July after falling in the previous month.  <\/p>\n<p>The unadjusted unemployment rate came in at 2% in July, the same rate as in June, the data showed. In the corresponding month last year, the jobless rate was 2.8%.<\/p>\n<p>The youth unemployment rate, which is applied to the 15-24 age group, rose to 1.8% in July from 1.7% in June.<\/p>\n<p>Data also showed that the seasonally adjusted jobless rate remained unchanged at 2.2% in July. <\/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 Modestly Higher<\/a><br \/>\n<br \/>2022-08-08 17:03:56<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended modestly higher after moving in a tight range once again, with investors tracking global cues and largely making cautious moves. Investors also digested Swiss unemployment&#8230;<\/p>\n","protected":false},"author":2,"featured_media":24572,"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-24571","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/24571","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=24571"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/24571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/24572"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=24571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=24571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=24571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}