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The Switzerland market recovered after a flat start on Thursday, and after staying positive till well past noon, suffered a setback but regained some strength to eventually end the day’s session modestly higher.<\/p>\n
The benchmark SMI climbed to 12,026.48 around mid morning, touched a low of 11,952.94 by mid afternoon, but recovered to settle with a gain of 22.76 points or 0.19% at 12,001.61.<\/p>\n
Schindler Ps and Zurich Insurance gained 1.52% and 1.41%, respectively. Novartis and Swiss Life Holding climbed by about 1.1% and 1%, respectively.<\/p>\n
UBS Group, Amrize, Richemont and ABB closed modestly higher.<\/p>\n
Swiss Re closed down 3.45%. Partners Group and Straumann Holding ended lower by about 1.7% from previous closing levels. <\/p>\n
Julius Baer, SIG Group, Sandoz Group, Alcon, Swatch Group, Kuehne + Nagel, Givaudan and Holcim lost 0.4 to 1.4%.<\/p>\n
Data from the Federal Statistical Office showed Switzerland’s producer and import prices continued to decline in July.<\/p>\n
Producer and import prices dropped 0.9% year-on-year in July, faster than the 0.7% decrease in June. The price index has been falling since May 2023.<\/p>\n
The producer price index showed a flat change, while import prices dropped by 2.8%.<\/p>\n
On a monthly basis, producer and import prices dropped 0.2 percent in July after falling 0.1 percent in the prior month. Meanwhile, prices were expected to remain flat.<\/p>\n
Prices fell in particular for watches and medical and dental instruments and supplies over the month, while petroleum, natural gas, and petroleum products saw higher prices. <\/p>\n<\/p>\n
Market Analysis<\/p>\n<\/div>\n