{"id":55919,"date":"2025-02-06T18:35:33","date_gmt":"2025-02-06T18:35:33","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/02\/06\/swiss-market-settles-modestly-higher\/"},"modified":"2025-02-06T18:35:33","modified_gmt":"2025-02-06T18:35:33","slug":"swiss-market-settles-modestly-higher","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/02\/06\/swiss-market-settles-modestly-higher\/","title":{"rendered":"Swiss Market Settles Modestly Higher"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Despite staying positive right through the day&#8217;s session, Swiss stocks remained a bit sluggish on Thursday as investors largely refrained from making significant moves.<\/p>\n<p>The benchmark SMI, which moved between 12,587.52 and 12,644.60, settled with a modest gain of 44.76 points or 0.36% at 12,624.20.<\/p>\n<p>Julius Baer, Holcim, UBS Group and Swatch Group gained 3.4 to 4%. Sika, Adecco, Geberit and VAT Group closed higher by 2.1 to 2.75%.<\/p>\n<p>Partners Group, SIG Group, Sandoz Group, Swisscom, ABB and Kuehne + Nagel advanced 1 to 1.7%. <\/p>\n<p>Zurich Insurance Group, Lindt &amp; Spruengli, Schindler Ps, Swiss Re and Swiss Life Holding also closed on firm note.<\/p>\n<p>Roche Holding closed down by about 1.25%. Novartis, Sonova, Richemont and SGS lost 0.4 to 0.9%.<\/p>\n<p>Temenos gained about 1.2% on news that it agreed to sell its Multifonds <span class=\"landLinks\">business<\/span> to Montagu Private Equity for an enterprise value of $400 million.<\/p>\n<p>Shares of finance and insurance company Leonteq AG tanked more than 11% on lower earnings. The company reported a year-over-year drop in 2024 group net profit to 5.8 million francs from 20.6 million francs.<\/p>\n<p>Data from the State Secretariat for Economic Affairs, or SECA, said the unemployment rate in Switzerland rose to a non-seasonally adjusted 3% in January 2025 from 2.8% in the previous month, compared to market forecasts of 2.9%. This marked the highest jobless rate since May 2021. <\/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 Settles Modestly Higher<\/a><br \/>\n<br \/>2025-02-06 18:35:33<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite staying positive right through the day&#8217;s session, Swiss stocks remained a bit sluggish on Thursday as investors largely refrained from making significant moves. The benchmark SMI, which moved between&#8230;<\/p>\n","protected":false},"author":2,"featured_media":55920,"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-55919","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/55919","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=55919"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/55919\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/55920"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=55919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=55919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=55919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}