{"id":51005,"date":"2024-09-27T18:48:28","date_gmt":"2024-09-27T18:48:28","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/09\/27\/swiss-market-ends-slightly-higher-10\/"},"modified":"2024-09-27T18:48:28","modified_gmt":"2024-09-27T18:48:28","slug":"swiss-market-ends-slightly-higher-10","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/09\/27\/swiss-market-ends-slightly-higher-10\/","title":{"rendered":"Swiss Market Ends Slightly Higher"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland market shrugged off early weakness and moved modestly higher on Friday, tracking positive global cues. <\/p>\n<p>Investors continued to cheer Swiss National Bank&#8217;s interest rate move, in addition to digesting U.S. personal consumption expenditure data.<\/p>\n<p>The benchmark SMI ended with a gain of 24.43 points or 0.2% at 12,234.05, after moving in a tight range between 12,188.25 and 12,255.95.<\/p>\n<p>SIG Group gained about 4%. Straumann Holding and Adecco climbed 3.6% and 3.4%, respectively. Richemont gained 2.67% and Swatch Group ended 2.5% up.<\/p>\n<p>Julius Baer and Lindt &amp; Spruengli gained 1.9% and 1.85%, respectively. Alcon, Sonova, Sika, Partners Group, Roche Holding and Nestle ended up 0.4 to 1.1%.<\/p>\n<p>Adecco gained about 3.4% after Moody&#8217;s affirmed the company&#8217;s Baa1 lon-term issuer rating, with a stable outlook, citing solid operating performance and conservative financial structure.<\/p>\n<p>SGS ended down nearly 2.5%. Holcim closed lower by about 2.1%. ABB and Sandoz Group lost 1.7% and 1.1%, respectively. Zurich Insurance Group and Lonza Group ended modestly lower.<\/p>\n<p>Data from U.S. Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1% in August after rising by 0.2% in July. The uptick matched expectations. The report also said the annual rate of growth by the PCE price index slowed to 2.2% in August from 2.5% in July. Economists had expected the pace of growth to slow to 2.3%. <\/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 Slightly Higher<\/a><br \/>\n<br \/>2024-09-27 18:48:28<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland market shrugged off early weakness and moved modestly higher on Friday, tracking positive global cues. Investors continued to cheer Swiss National Bank&#8217;s interest rate move, in addition to&#8230;<\/p>\n","protected":false},"author":2,"featured_media":51006,"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-51005","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51005","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=51005"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51006"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}