{"id":32200,"date":"2023-03-14T17:32:24","date_gmt":"2023-03-14T17:32:24","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/03\/14\/swiss-market-ends-on-firm-note-35\/"},"modified":"2023-03-14T17:32:24","modified_gmt":"2023-03-14T17:32:24","slug":"swiss-market-ends-on-firm-note-35","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/03\/14\/swiss-market-ends-on-firm-note-35\/","title":{"rendered":"Swiss Market Ends On Firm Note"},"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 firm note on Tuesday thanks to positive global cues after data showing a drop in U.S. consumer prices in the month of February helped ease concerns about the outlook for interest rates.<\/p>\n<p>The market also digested Swiss producer and import price inflation data.<\/p>\n<p>The benchmark SMI, which moved along the flat line till nearly a couple of hours past noon, climbed higher after that to eventually close with a gain of 84.67 points or 0.8% at 10,716.72. The index dropped to a low of 10,593.55 in the session.<\/p>\n<p>UBS Group rallied more than 3.5%. Holcim climbed nearly 3% and ABB surged 2.53%.<\/p>\n<p>Swiss Life Holding, Sika, Richemont and Sonova gained 1.9 to 2.2%. Givaudan and Logitech moved up 1.3% and 1.1%, respectively.<\/p>\n<p>Zurich Insurance Group drifted down 1.49%. Credit Suisse and Lonza Group ended lower by 0.75% and 0.61%, respectively.<\/p>\n<p>In the Swiss Mid Price Index, Bachem Holding climbed 5.75%. Zur Rose gained nearly 4.5% and Tecan Group surged 3.83%.<\/p>\n<p>VAT Group, Kuehne &amp; Nagel, Straumann Holding, Schindler Ps, AMS, Georg Fischer and Schindler Holding gained 2.4 to 3.2%.<\/p>\n<p>Data from the Federal Statistical Office showed Switzerland&#8217;s producer and import price inflation eased further in February to the lowest level in nearly two years.<\/p>\n<p>Producer and import prices rose 2.7% year-on-year in February, slower than the 3.3% increase in the previous month. Further, this was the weakest rate of increase since April 2021, when prices had risen 1.8%.<\/p>\n<p>The producer price index climbed 3% annually in February, and import prices registered an increase of 2.3%.<\/p>\n<p>On a monthly basis, producer and import prices dropped 0.2% from January, when they rose by 0.7%. <\/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 On Firm Note<\/a><br \/>\n<br \/>2023-03-14 17:32:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended on a firm note on Tuesday thanks to positive global cues after data showing a drop in U.S. consumer prices in the month of February&#8230;<\/p>\n","protected":false},"author":2,"featured_media":32201,"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-32200","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/32200","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=32200"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/32200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/32201"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=32200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=32200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=32200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}