{"id":38281,"date":"2023-09-07T17:47:38","date_gmt":"2023-09-07T17:47:38","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/09\/07\/swiss-market-ends-on-firm-note-50\/"},"modified":"2023-09-07T17:47:38","modified_gmt":"2023-09-07T17:47:38","slug":"swiss-market-ends-on-firm-note-50","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/09\/07\/swiss-market-ends-on-firm-note-50\/","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 Thursday, bucking the largely weak trend seen across Europe.<\/p>\n<p>The market started off on a weak note, but emerged in positive territory about an hour later, and then stayed firm right through the day&#8217;s session.<\/p>\n<p>The benchmark SMI ended with a gain of 69.01 points or 0.63% at 10,993.43, the day&#8217;s high.<\/p>\n<p>Swiss Re gained nearly 2%. Roche Holding, Novartis, Sika and Swisscom climbed 1.2 to 1.7%.<\/p>\n<p>Kuehne &amp; Nagel ended 0.7% up, and Alcon gained 0.75%. Nestle advanved nearly 1% after it agreed to acquire Brazilian chocolate brand Kopenhagen.<\/p>\n<p>Sonova dropped 2.5%. Logitech and Swiss Life Holding ended lower by 1.53% and 1.31%, respectively. UBS Group, Richemont, Lonza Group and Partners Group also ended notably lower.<\/p>\n<p>In the Mid Price Index, Swiss Prime Site, Swatch Group, Lindt &amp; Spruengli, Galenica Sante, Baloise Holding, Flughafen Zurich and PSP Swiss Property gained  0.6 to 1.2%.<\/p>\n<p>AMS ended 6.25% down. Meyer Burger Tech declined 5% and VAT Group ended lower by 3.65%.<\/p>\n<p>Dufry, Georg Fischer, Barry Callebaut, Tecan Group, DocMorris and Julius Baer drifted down 1 to 1.5%.<\/p>\n<p>On the economic front, data from State Secretariat for Economic Affairs showed the Swiss unemployment rate rose to a non-seasonally adjusted 2% in August 2023, from 1.9% in the previous month. <\/p>\n<p>Meanwhile, the youth unemployment rate, measuring job-seekers between 15-24 years old, edged up to 2.2% from a prior 1.8%. <\/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 \/>2023-09-07 17:47:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended on a firm note on Thursday, bucking the largely weak trend seen across Europe. The market started off on a weak note, but emerged in&#8230;<\/p>\n","protected":false},"author":2,"featured_media":38282,"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-38281","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/38281","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=38281"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/38281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/38282"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=38281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=38281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=38281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}