{"id":33293,"date":"2023-04-14T17:19:39","date_gmt":"2023-04-14T17:19:39","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/04\/14\/swiss-market-ends-higher-again-3\/"},"modified":"2023-04-14T17:19:39","modified_gmt":"2023-04-14T17:19:39","slug":"swiss-market-ends-higher-again-3","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/04\/14\/swiss-market-ends-higher-again-3\/","title":{"rendered":"Swiss Market Ends Higher Again"},"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 Friday, in line with <span class=\"landLinks\">markets<\/span> across Europe, as investors indulged in some buying amid easing concerns about monetary policy tightening and inflation, and some encouraging earnings updates from top U.S. banks.<\/p>\n<p>The benchmark SMI ended with a gain of 83.91 points or 0.75% at 11,342.86. The index, which opened marginally up at 11,268.31, climbed to a high of 11,368.38 in the session.<\/p>\n<p>Richemont rallied 3.21%. Logitech surged 2.55%, ABB climbed 2.17% and UBS Group gained 2.1%.<\/p>\n<p>Partners Group, Credit Suisse, Holcim, Sika, Nestle, Geberit and Swiss Life Holding gained 1 to 1.7%.<\/p>\n<p>Sonova drifted down 1.52%. Zurich Insurance Group ended lower by 1.36%.<\/p>\n<p>In the Mid Price Index, Julius Baer ended stronger by 4%. Schindler Ps and Schindler Holding both gained nearly 2.6%. AMS, Adecco, Georg Fischer and Temenos Group gained 1.3 to 1.8%.<\/p>\n<p>Kuehne &amp; Nagel and SGS ended lower by about 1.5% and 1.3%, respectively. Barry Callebaut ended 0.81% down.<\/p>\n<p>In economic news, Switzerland&#8217;s producer and import price inflation eased further in March to the lowest level in almost two years, data from the Federal Statistical Office showed on Friday.<\/p>\n<p>Producer and import prices rose 2.1% year-on-year in March, slower than the 2.7% 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 2.7% annually in March, and import prices registered an increase of 1%.<\/p>\n<p>On a monthly basis, producer and import prices rebounded 0.2% from February, when they dropped by 0.2%.<\/p>\n<p>Data released last week showed that Switzerland&#8217;s consumer price inflation eased to a 3-month low of 2.9%. <\/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 Higher Again<\/a><br \/>\n<br \/>2023-04-14 17:19:39<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended on a firm note on Friday, in line with markets across Europe, as investors indulged in some buying amid easing concerns about monetary policy tightening&#8230;<\/p>\n","protected":false},"author":2,"featured_media":33294,"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-33293","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/33293","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=33293"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/33293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/33294"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=33293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=33293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=33293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}