{"id":57290,"date":"2025-03-12T18:04:33","date_gmt":"2025-03-12T18:04:33","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/03\/12\/swiss-market-ends-on-buoyant-note-15\/"},"modified":"2025-03-12T18:04:33","modified_gmt":"2025-03-12T18:04:33","slug":"swiss-market-ends-on-buoyant-note-15","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/03\/12\/swiss-market-ends-on-buoyant-note-15\/","title":{"rendered":"Swiss Market Ends On Buoyant Note"},"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 buoyant note on Wednesday, in line with <span class=\"landLinks\">markets<\/span> across Europe, as optimism about a ceasefire in Ukraine, and data showing a less than expected increase in U.S. consumer prices in the month of February lifted investor sentiment.<\/p>\n<p>The benchmark SMI, which climbed to 12,977.76 around mid afternoon, ended the day&#8217;s session with a gain of 176.18 points or 1.39% at 12,868.43.<\/p>\n<p>Sandoz Group and Roche Holding climbed 3.81% and 3.64%, respectively. Roche announced that it has signed a $5.3 billion deal with biotechnology company Zealand Pharma to jointly develop and commercialize the latter&#8217;s petrelintide as a potential foundational therapy for obesity. <\/p>\n<p>Richemont, Givaudan and Swiss Re gained 2.37%, 2.11% and 2.08%, respectively.<\/p>\n<p>SGS climbed nearly 2%. Julius Baer, UBS Group, Sika, Holcim and Swiss Life Holding gained 1.3 to 1.6%.<\/p>\n<p>ABB, VAT Group, Zurich Insurance Group, Lonza Group, Schindler Ps, Alcon, Partners Group, Adecco, Straumann Holding, Novartis and Nesle closed higher by 0.5 to 1.1%.<\/p>\n<p>Logitech International ended down 2.2%. Kuehne + Nagel closed 1.23% down, while Lindt &amp; Spruengli and Swatch Group drifted down 0.67% and 0.45%, respectively.<\/p>\n<p>On the tariff front, U.S. President Donald Trump&#8217;s 25% tariffs on all steel and aluminum imports from its trading partners came into effect today. In response, the European Union announced &#8220;swift and proportionate&#8221; countermeasures on 26 billion euros worth of US goods. Canada retaliated too by imposing tariffs on CA$29.8 billion worth of US products. Meanwhile, the UK said it would &#8220;keep all options on the table.&#8221; <\/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 On Buoyant Note<\/a><br \/>\n<br \/>2025-03-12 18:04:33<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland market closed on a buoyant note on Wednesday, in line with markets across Europe, as optimism about a ceasefire in Ukraine, and data showing a less than expected&#8230;<\/p>\n","protected":false},"author":2,"featured_media":57291,"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-57290","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57290","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=57290"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57291"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}