{"id":59117,"date":"2025-04-29T17:39:08","date_gmt":"2025-04-29T17:39:08","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/04\/29\/swiss-market-closes-modestly-higher-18\/"},"modified":"2025-04-29T17:39:08","modified_gmt":"2025-04-29T17:39:08","slug":"swiss-market-closes-modestly-higher-18","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/04\/29\/swiss-market-closes-modestly-higher-18\/","title":{"rendered":"Swiss Market Closes Modestly Higher"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland market ended modestly higher on Tuesday after holding firm right through the day&#8217;s trading session. Reports that the U.S. would move to reduce the impact of duties imposed on foreign parts in domestically manufactured cars helped underpin sentiment.<\/p>\n<p>The benchmark SMI ended with a gain of 38.44 points or 0.32% at 12,066.69, more than 50 points off a high of 12,117.85 it touched around early afternoon.<\/p>\n<p>Sandoz Group climbed about 1.7%. Roche Holding gained 1.43%, while Givaudan and Zurich Insurance both ended higher by about 1.2%.<\/p>\n<p>Lonza Group, Swisscom, Novartis, Alcon, Swiss Re, Logitech International and Julius Baer gained 0.5 to 1.1%.<\/p>\n<p>Novartis gained nearly 1% after reporting a 34% (year-over-year) surge in  first-quarter net income to $3.61 billion, thanks to higher operating income and a 12% increase in net sales to third parties. The company raised its guidance for full-year 2025, expecting a high single-digit growth in net sales. <\/p>\n<p>ABB closed nearly 2% down. SIG Group and Adecco ended down 1.46% and 1.37%, respectively. Richemont, Kuehne + Nagel, Holcim, Strauamann Holding, Sika and Swatch Group ended lower by 0.6 to 1.1%.<\/p>\n<p>In economic news, a report from the European Commission said the economic sentiment indicator (ESI) in the Euro Area fell to 93.6 in April 2025, down from a revised 95.0 in March and below market expectations of 94.5. This marked the lowest reading since December.. Consumer sentiment dropped sharply (-16.7 vs. -14.5 in March).<\/p>\n<p>On the pricing front, consumer inflation expectations surged by 5.1 points to 29.6, their highest level since November 2022, while manufacturers&#8217; selling price expectations edged down by 0.3 points to 11.0, easing from March&#8217;s two-year high. <\/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 Closes Modestly Higher<\/a><br \/>\n<br \/>2025-04-29 17:39:08<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland market ended modestly higher on Tuesday after holding firm right through the day&#8217;s trading session. Reports that the U.S. would move to reduce the impact of duties imposed&#8230;<\/p>\n","protected":false},"author":2,"featured_media":59118,"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-59117","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/59117","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=59117"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/59117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/59118"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=59117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=59117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=59117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}