\n<\/p>\n
The Switzerland stock market ended flat on Monday after a choppy session, as investors largely stayed cautious, looking ahead to some crucial economic data, including U.S. inflation report, due later in the week.<\/p>\n
The benchmark SMI ended with a small gain of 8.99 points or 0.08% at 11,107.47 after moving between 11,058.52 and 11,118.90.<\/p>\n
Swiss Life Holding, Novartis, UBS Group and Kuehne & Nagel gained 0.7 to 1%. Zurich Insurance Group, Givaudan and Alcon posted modest gains.<\/p>\n
Sika declined 2.8%. Richemont shed 0.89%, while Logitech an Lonza Group lost 0.66% and 0.57%, respectively.<\/p>\n
In the Mid Price Index, Tecan Group and Adecco climbed 1.37% and 1.05%, respectively. Helvetia, Baloise Holding, Schindler Ps, Julius Baer and Swiss Prime Site also ended higher.<\/p>\n
Meyer Burger Tech declined more than 2%. Belimo Holding ended lower by 1.63%, while AMS, DocMorris and VAT Group lost 0.9 to 1.1%.<\/p>\n
In economic news, Switzerland’s unemployment rate held steady for the second straight month in July, the State Secretariat for Economic Affairs, or SECO, said today.<\/p>\n
The unadjusted unemployment rate came in at 1.9% in July, the same as in the previous two months. That was in line with economists’ expectations. In the corresponding month last year, the jobless rate was 2%.<\/p>\n
Data also showed that the seasonally adjusted jobless rate rose to 2.1% from 2%. <\/p>\n<\/p>\n
Market Analysis<\/p>\n<\/div>\n