{"id":46354,"date":"2024-04-25T17:20:17","date_gmt":"2024-04-25T17:20:17","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/04\/25\/swiss-market-ends-notably-lower-39\/"},"modified":"2024-04-25T17:20:17","modified_gmt":"2024-04-25T17:20:17","slug":"swiss-market-ends-notably-lower-39","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/04\/25\/swiss-market-ends-notably-lower-39\/","title":{"rendered":"Swiss Market Ends Notably Lower"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland market ended notably lower on Thursday, in line with <span class=\"landLinks\">markets<\/span> across Europe, with investors largely tracking earnings updates, and making cautious moves amid uncertainty about the outlook for Fed interest rates.<\/p>\n<p>The benchmark SMI ended down by 110.13 points or 0.97% at 11,260.61, about 25 points off the day&#8217;s low of 11,345.29.<\/p>\n<p>Straumann Holding ended down 2.59%. Givaudan ended lower by 2.02%. <\/p>\n<p>Nestle shed 2.02% after the Swiss food and drinks giant missed first-quarter organic sales growth estimates. The company reported that its total sales for the first-quarter were 22.1 billion Swiss francs, a decrease of 5.9% from last year. Foreign exchange decreased sales by 6.7%. Net divestitures had a negative impact of 0.6%.<\/p>\n<p>Quarterly group organic sales growth was 1.4%, driven by Europe and emerging markets, with a negative impact from North America. Pricing was 3.4%, following a high base of comparison in 2023.<\/p>\n<p>Holcim, Swiss Life Holding, Lonza and Alcon lost 1.7 to 1.77%. Roche Holding, Sonova, Geberit, SIG Group, Swiss Re, Partners Group, Sika and Richemont ended lower by 1.1 to 1.6%.<\/p>\n<p>Tecan Group lost nearly 4%. Georg Fischer, Temenos Group, Baloise Holding, Belimok Holding and Avolta also ended notably lower.<\/p>\n<p>Novartis, Barry Callebaut, Lindt Spruengli and Swatch Group gained 0.7 to 1%. Meyer Burger Tech and ams OSRAM AG advanced about 2% and 1.5%, respectively. <\/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 Notably Lower<\/a><br \/>\n<br \/>2024-04-25 17:20:17<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland market ended notably lower on Thursday, in line with markets across Europe, with investors largely tracking earnings updates, and making cautious moves amid uncertainty about the outlook for&#8230;<\/p>\n","protected":false},"author":2,"featured_media":46355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-46354","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46354","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=46354"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46354\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46355"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}