{"id":59479,"date":"2025-05-08T17:23:58","date_gmt":"2025-05-08T17:23:58","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/05\/08\/swiss-market-ends-moderately-lower-38\/"},"modified":"2025-05-08T17:23:58","modified_gmt":"2025-05-08T17:23:58","slug":"swiss-market-ends-moderately-lower-38","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/05\/08\/swiss-market-ends-moderately-lower-38\/","title":{"rendered":"Swiss Market Ends Moderately Lower"},"content":{"rendered":"
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After a positive start and a subsequent mild setback, the Switzerland market recovered and stayed firm till a little past mid afternoon on Thursday, but turned weak and ended the day’s session moderately lower.<\/p>\n

Investors digested the monetary policy moves of the Federal Reserve and the Bank of England, and reports about the U.S. and the U.K. striking a trade deal. <\/p>\n

The benchmark SMI ended lower by 52.04 points or 0.43% at 12,061.72, the day’s low. The index climbed to a high of 12,188.89 about a couple of hours past noon.<\/p>\n

Adecco soared 11.7% after upbeat first-quarter results. The company’s net income for the quarter was \u20ac60 million, up from an expected \u20ac47 million. The firm reported sales worth \u20ac5,573 million in the first-quarter, surpassing the forecast of \u20ac5,467 million.<\/p>\n

Straumann Holding climbed about 4.1%, while VAT Group and Logitech International gained 3.67% and 3.6%, respectively. Partners Group gained about 2.5%.<\/p>\n

Julius Baer, ABB, Alcon, Sandoz Group, SGS, UBS Group, Holcim, Geberit, Swatch Group, Richemont and Sika ended higher by 1 to 2%.<\/p>\n

Roche Holding closed lower by 2.37%. Zurich Insurance Group and Swiss Re both ended down by about 1.7%.<\/p>\n

Nestle, Lonza Group, Swisscom, Lindt & Spruengli and Novartis also closed on weak note.<\/p>\n

On the trade front, U.S. President Donald Trump unveiled the framework of a trade agreement with the U.K., marking the first deal since he announced new tariffs on U.S. trade partners in early April.<\/p>\n

While details of the deal were not immediately clear, Trump claimed in a post on Truth Social that the agreement would raise $6 billion in external revenue from 10% on tariffs on U.K. exports and create $5 billion in new export opportunities for U.S. ranchers, farmers and producers.<\/p>\n

“This Deal shows that if you respect America, and bring serious proposals to the table, America is OPEN FOR BUSINESS. Many more to come \u2014 STAY TUNED!” Trump said. <\/p>\n<\/p>\n<\/div>\n