{"id":43892,"date":"2024-02-16T18:19:42","date_gmt":"2024-02-16T18:19:42","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/02\/16\/swiss-market-ends-higher-for-3rd-straight-day-4\/"},"modified":"2024-02-16T18:19:42","modified_gmt":"2024-02-16T18:19:42","slug":"swiss-market-ends-higher-for-3rd-straight-day-4","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/02\/16\/swiss-market-ends-higher-for-3rd-straight-day-4\/","title":{"rendered":"Swiss Market Ends Higher For 3rd Straight Day"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland market ended on a positive note on Friday, extending gains to a third straight session, as optimism about interest rate cut by the Federal Reserve helped underpin sentiment.<\/p>\n<p>The benchmark SMI started off on a slightly weak note, but ended the day&#8217;s session modestly higher despite paring some intraday gains. The index ended up 26.43 points or 0.23% at 11,310.61, nearly 50 points off the day&#8217;s high of 11,358.00.<\/p>\n<p>Sika, the top  gainer in the SMI index, climbed 2.83%. Holcim and ABB gained 1.68% and 1.65%, respectively. Geberit advanced 1.3% and Swiss Life Holdings ended 1.11% up.<\/p>\n<p>Partners Group, Novartis, Roche Holding and Richemont ended higher by 0.4 to 0.6%.<\/p>\n<p>Swiss Re ended down 2.56% despite reporting higher earnings. The company posted a significant rise in profit in 2023, mainly due to improved performance in its property-and-casualty reinsurance segment.<\/p>\n<p>Logitech International, Nestle and Kuehne &amp; Nagel lost 0.9 to 1%. Sonova drifted down 0.5%, while Lonza Group settled lower by 0.28%.<\/p>\n<p>Among the stocks in the Mid Price Index, Swatch Group climbed 2.25%. Straumann Holding, SGS, Sandoz, Georg Fischer, Schindler Holding and Schindler Ps gained 1 to 1.4%.<\/p>\n<p>Meyer Burger Tech ended down 5.2%. Temenos Group dropped 4.6%, while ams OSRAM AG ended lower by 1.47%.<\/p>\n<p>Data released by the Federal Statistical Office showed industrial production in Switzerland fell 0.4% year-on-year in the fourth quarter of 2023, reversing from a downwardly revised 1.8% drop in the previous three-month period. <\/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 Higher For 3rd Straight Day<\/a><br \/>\n<br \/>2024-02-16 18:19:42<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland market ended on a positive note on Friday, extending gains to a third straight session, as optimism about interest rate cut by the Federal Reserve helped underpin sentiment&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":43893,"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-43892","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/43892","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=43892"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/43892\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/43893"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=43892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=43892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=43892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}