{"id":50350,"date":"2024-09-13T17:42:40","date_gmt":"2024-09-13T17:42:40","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/09\/13\/swiss-market-ends-higher-for-2nd-straight-day-6\/"},"modified":"2024-09-13T17:42:40","modified_gmt":"2024-09-13T17:42:40","slug":"swiss-market-ends-higher-for-2nd-straight-day-6","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/09\/13\/swiss-market-ends-higher-for-2nd-straight-day-6\/","title":{"rendered":"Swiss Market Ends Higher For 2nd Straight Day"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland market closed higher on Friday, tracking positive cues from other European <span class=\"landLinks\">markets<\/span> amid hopes the Federal Reserve will cut interest rate next week, and possibly announce more reductions before the end of the year.<\/p>\n<p>The benchmark SMI, which moved between 12,022.46 and 12,077.91, ended with a modest gain of 54.94 points or 0.46% at 12,037.28.<\/p>\n<p>Straumann Holding climbed 3.78%. Lonza Group gained 2.25%, while Holcim and Partners Group, both ended higher by about 1.85%.<\/p>\n<p>UBS Group, VAT Group, Logitech International, Geberit and Julius Baer gained 1 to 1.55%.<\/p>\n<p>Roche GS gained about 1% following news that its subcutaneous anti-PD-(L)1 cancer immunotherapy Tecentriq Hybreza obtained approval from the US Food and Drug Administration. <\/p>\n<p>Richemont, Zurich Insurance and Sika all ended nearly 1% up. Lindt &amp; Spruengli, Roche Holding, Swisscom and Swiss Re posted moderate gains.<\/p>\n<p>Kuehne + Nagel dropped about 2.2%. Alcon ended 1.65% down. Nestle, Novartis and SIG Group declined marginally. <\/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 For 2nd Straight Day<\/a><br \/>\n<br \/>2024-09-13 17:42:40<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland market closed higher on Friday, tracking positive cues from other European markets amid hopes the Federal Reserve will cut interest rate next week, and possibly announce more reductions&#8230;<\/p>\n","protected":false},"author":2,"featured_media":50351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-50350","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/50350","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=50350"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/50350\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/50351"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=50350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=50350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=50350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}