{"id":51132,"date":"2024-10-01T18:18:27","date_gmt":"2024-10-01T18:18:27","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/10\/01\/swiss-market-fails-to-hold-early-gains-ends-notably-lower\/"},"modified":"2024-10-01T18:18:27","modified_gmt":"2024-10-01T18:18:27","slug":"swiss-market-fails-to-hold-early-gains-ends-notably-lower","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/10\/01\/swiss-market-fails-to-hold-early-gains-ends-notably-lower\/","title":{"rendered":"Swiss Market Fails To Hold Early Gains, Ends Notably Lower"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Despite spending much of the day&#8217;s trading session in positive territory, the Switzerland market ended on a weak note on Tuesday as stocks fell on selling pressure in late afternoon trade amid concerns about escalating tensions in the Middle East.<\/p>\n<p>The benchmark SMI ended down 82.21 points or 0.68% at 12,086.66. The index, which touched a high of 12,232.15 about an hour past noon, dropped to a low of 12,060.00 before recovering slightly.<\/p>\n<p>Data from the Federal Statistical Office showed Swiss retail sales increased for the second straight month in August, and at a faster-than-expected pace. Retail sales climbed 3.2% on a yearly basis in August, after a 2.9% strong recovery in July. Sales were expected to rise by 2.6%.<\/p>\n<p>Sales of food, drinks, and tobacco registered an annual growth of 3.2%, and the non-food sector posted a 2.5% gain. Month-on-month, retail sales rose at a slower pace of 0.4% in August versus a 2.2% increase in July.<\/p>\n<p>In nominal terms, retail turnover registered an annual growth of 1.9%, which was the sharpest increase since June 2024. Monthly, sales were up 0.2%. <\/p>\n<p>Logitech International ended down 3.55%. Adecco, Richemont and Roche Holding lost 2 to 2.5%. Lindt &amp; Spruengli ended nearly 2% down.<\/p>\n<p>Swatch Group ended 1.63% down. Kuehne + Nagel and VAT Group both ended down by about 1.4%. Swiss Re, Givaudan, Sonova, Sika, Geberit, SIG Group and Swiss Life Holding also closed weak.<\/p>\n<p>Partners Group gained about 1.25%. Swisscom gained 0.55%, while Lonza Group and Sandoz Group edged up marginally. <\/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 Fails To Hold Early Gains, Ends Notably Lower<\/a><br \/>\n<br \/>2024-10-01 18:18:27<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite spending much of the day&#8217;s trading session in positive territory, the Switzerland market ended on a weak note on Tuesday as stocks fell on selling pressure in late afternoon&#8230;<\/p>\n","protected":false},"author":2,"featured_media":51133,"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-51132","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51132","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=51132"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51133"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}