{"id":30958,"date":"2023-02-07T18:25:11","date_gmt":"2023-02-07T18:25:11","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/02\/07\/swiss-market-ends-weak-again-4\/"},"modified":"2023-02-07T18:25:11","modified_gmt":"2023-02-07T18:25:11","slug":"swiss-market-ends-weak-again-4","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/02\/07\/swiss-market-ends-weak-again-4\/","title":{"rendered":"Swiss Market Ends Weak Again"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> After a flat start and a subsequent mild retreat, the Switzerland stock market saw a brief spell in positive territory Tuesday morning but faltered and spent the rest of the day&#8217;s session in the red.<\/p>\n<p>Worries about a potential global recession hurt weighed on sentiment.<\/p>\n<p>The benchmark SMI ended with a loss of 49.38 points or 0.44% at 11,233.87.<\/p>\n<p>Sika drifted down 2.82% and Logitech ended 2.29% down. Nestle ended lower by 1.29%, while ABB and Alcon both ended lower by a little over 1%.<\/p>\n<p>Givaudan, Geberit, Richemont, Lonza Group and Partners Group also closed weak.<\/p>\n<p>Credit Suisse climbed 1.03%. Swisscom surged 0.71%, while Swiss Re and Holcim ended higher by 0.56% and 0.47%, respectively.<\/p>\n<p>In the Mid Price Index, AMS tanked more than 17%. Bachem Holding, Ems Chemie Holding, SGS, Adecco and Belimo Holding ended lower by 1 to 1.4%.<\/p>\n<p>Temenos Group rallied 5.74%. Tecan Group ended higher by 1.81%, while Galenica Sante, Helvetia, Baloise Holding and Swatch Group posted moderate gains.<\/p>\n<p>In economic news, a report from the State Secretariat for Economic Affairs said the Swiss unemployment rate edged up to a non-seasonally adjusted 2.2% in January 2023, from 2.1% in the previous month. The latest figure pointed to the highest reading since April 2022.<\/p>\n<p>On a seasonally adjusted basis, the unemployment rate stood at 1.9%, the same as in December. <\/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 Weak Again<\/a><br \/>\n<br \/>2023-02-07 18:25:11<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a flat start and a subsequent mild retreat, the Switzerland stock market saw a brief spell in positive territory Tuesday morning but faltered and spent the rest of the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":30959,"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-30958","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/30958","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=30958"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/30958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/30959"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=30958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=30958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=30958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}