{"id":8087,"date":"2021-03-17T18:05:00","date_gmt":"2021-03-17T18:05:00","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/03\/17\/swiss-market-closes-modestly-lower-after-lackluster-session\/"},"modified":"2021-03-17T18:05:00","modified_gmt":"2021-03-17T18:05:00","slug":"swiss-market-closes-modestly-lower-after-lackluster-session","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/03\/17\/swiss-market-closes-modestly-lower-after-lackluster-session\/","title":{"rendered":"Swiss Market Closes Modestly Lower After Lackluster Session"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market ended modestly lower on Wednesday amid uncertainty about the pace of economic recovery due to a slowdown in vaccination following suspension of the use of AstraZeneca&#8217;s vaccine in several European countries.<\/p>\n<p>Investors were also reluctant to make significant moves as they awaited the outcome of the Federal Reserve&#8217;s two-day monetary policy meeting.<\/p>\n<p>The benchmark SMI, which stayed in negative territory almost right through the day&#8217;s session, ended with a loss of 21.99 points or 0.2% at 10,922.49. The index touched a low of 10,881.50 in the session.<\/p>\n<p>Lonza Group and Partners Group lost 1.7% and 1.6%, respectively. LafargeHolcim, Swiss Life Holding, Swiss Re, Novartis and Roche Holding ended lower by 0.4 to 0.85%.<\/p>\n<p>UBS Group shares climbed 1.6% and Credit Suisse gained nearly 1%. SGS, Swisscom and Nestle ended with modest gains.<\/p>\n<p>In the Mid Price index, Tecan Group, AMS and Logitech ended lower by 2.3 to 2.7%, while Sonova slid 1.25%. Barry Callebaut, Temenos Group and Georg Fischer declined nearly 1%.<\/p>\n<p>On the other hand, Cembra Money Bank gained nearly 1.5% and Kuehne &amp; Nagel gained 1.35%. OC Oerlikon Corp, Helvetia, VAT Group and Galenica Sante posted modest gains. <\/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 Closes Modestly Lower After Lackluster Session<\/a><br \/>\n<br \/>2021-03-17 18:05:00<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended modestly lower on Wednesday amid uncertainty about the pace of economic recovery due to a slowdown in vaccination following suspension of the use of AstraZeneca&#8217;s&#8230;<\/p>\n","protected":false},"author":2,"featured_media":8088,"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-8087","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8087","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=8087"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/8088"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=8087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=8087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=8087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}