{"id":7646,"date":"2021-02-24T19:00:18","date_gmt":"2021-02-24T19:00:18","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/02\/24\/swiss-market-snaps-6-day-losing-streak-ends-notably-higher\/"},"modified":"2021-02-24T19:00:18","modified_gmt":"2021-02-24T19:00:18","slug":"swiss-market-snaps-6-day-losing-streak-ends-notably-higher","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/02\/24\/swiss-market-snaps-6-day-losing-streak-ends-notably-higher\/","title":{"rendered":"Swiss Market Snaps 6-day Losing Streak, Ends Notably Higher"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market ended higher on Wednesday, in line with the trend seen in most of the <span class=\"landLinks\">markets<\/span> across Europe, as optimism about economic recovery lifted sentiment.<\/p>\n<p>The market stayed positive right through the session to eventually end on a firm note, snapping a six-day losing streak. <\/p>\n<p>The benchmark SMI ended up 118.67 points or 1.12% at 10,727.70, after scaling a low of 10,609.03 and a high of 10,771.25.<\/p>\n<p>Swiss Re, LafargeHolcim, Sika, Credit Suisse, UBS Group and ABB gained 2 to 2.6%. Swiss Life Holding and Swatch Group ended nearly 2% up.<\/p>\n<p>Zurich Insurance Group, Richemont, Geberit, Novartis and Lonza Group gained 1.2 to 1.75%, while Roche Holding ended nearly 1% up.<\/p>\n<p>Among the stocks in the Mid Price Index, Dufry rallied 7.5% and Adecco gained 3.2%, while SIG Combibloc, Julius Baer, BB Biotech, AMS, Flughafen Zurich, Georg Fischer, Schindler Holding and OC Oerlikon Corp moved up 2 to 2.7%.<\/p>\n<p>Temenos Group shares tumbled more than 4%, PSP Swiss Property declined 2.4% and Swiss Prime Site ended lower by 1.25%.<\/p>\n<p>Switzerland&#8217;s Federal Council today confirmed its earlier plan to allow shops, museums, library reading rooms, outdoor sports and leisure facilities, zoos and botanical gardens to reopen on 1 March 2021.<\/p>\n<p>The initial reopening phase from 1 March 2021 is focused on activities that allow people to wear masks and maintain social distancing, and that only involve small numbers of people or meeting outdoors.<\/p>\n<p>However, inn view of the precarious epidemiological situation, the Federal Council decided not to open outdoor areas at restaurants from 1 March 2021. <\/p>\n<p>The next stage of reopening is scheduled for 22 March 2021. Consultations with the cantons will begin on 12 March and the Federal Council will take a decision on 19 March 2021. <\/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 Snaps 6-day Losing Streak, Ends Notably Higher<\/a><br \/>\n<br \/>2021-02-24 19:00:18<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended higher on Wednesday, in line with the trend seen in most of the markets across Europe, as optimism about economic recovery lifted sentiment. The market&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7647,"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-7646","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7646","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=7646"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7647"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}