{"id":55637,"date":"2025-01-30T19:01:12","date_gmt":"2025-01-30T19:01:12","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/01\/30\/swiss-market-extends-winning-streak-ends-moderately-higher\/"},"modified":"2025-01-30T19:01:12","modified_gmt":"2025-01-30T19:01:12","slug":"swiss-market-extends-winning-streak-ends-moderately-higher","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/01\/30\/swiss-market-extends-winning-streak-ends-moderately-higher\/","title":{"rendered":"Swiss Market Extends Winning Streak, Ends Moderately Higher"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland market closed on a firm note on Thursday, extending recent gains, after data showed an improvement in Swiss <span class=\"landLinks\">business<\/span> confidence. An interest rate cut by the European Central Bank and largely positive moves in other European markets aided sentiment.<\/p>\n<p>The benchmark SMI closed up 74.22 points or 0.59% at 12,604.54. <\/p>\n<p>A report from Swiss Economic Institute said business confidence in Switzerland increased to 101.60 points in January 2025, from 99.60 points in December 2024.<\/p>\n<p>Data from the Federal Customs Administration showed Switzerland&#8217;s foreign trade surplus increased notably during the year 2024 compared to last year amid a new record growth in exports while a fall in imports. <\/p>\n<p>The trade surplus for 2024 was CHF 60.6 billion, up from CHF 48.3 billion in 2023. In nominal terms, exports rose at a record rate of 3.2% in 2024 versus a 1.3% fall in the previous year.<\/p>\n<p>VAT Group climbed more than 5%. Schindler Ps gained 2.6%, Swatch Group ended higher by 2.25% and Lonza Group closed 2.04% up.<\/p>\n<p>Roche Holding gained more than 1.5%. Roche announced that its core operating profit rose by 14%, or 8% in Swiss francs, to 20.8 billion francs. Core EPS was 18.80 francs compared to 18.57 francs. Core earnings per share rose by 12%, excluding the base effect of the resolution of tax disputes in 2023. Including this impact, core earnings per share increased by 7%.<\/p>\n<p>Sandoz Group, Lindt &amp; Spruengli, Logitech International, Alcon, Richemont, Geberit and Partners Group gained 1 to 1.7%.<\/p>\n<p>ABB closed 1.84% down, despite reporting higher profit, revenues and orders in its fourth quarter. For the fourth quarter, net income attributable to ABB grew 7% to $987 million from last year&#8217;s $921 million. Basic earnings per share were $0.54, up 7% from prior year&#8217;s $0.50.<\/p>\n<p>Adecco and Swisscom lost 0.9% and 0.67%, respectively. Zurich Insurance Group, SGS and Swiss Re declined 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 Extends Winning Streak, Ends Moderately Higher<\/a><br \/>\n<br \/>2025-01-30 19:01:12<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland market closed on a firm note on Thursday, extending recent gains, after data showed an improvement in Swiss business confidence. An interest rate cut by the European Central&#8230;<\/p>\n","protected":false},"author":2,"featured_media":55638,"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-55637","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/55637","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=55637"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/55637\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/55638"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=55637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=55637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=55637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}