{"id":8295,"date":"2021-03-24T18:13:21","date_gmt":"2021-03-24T18:13:21","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/03\/24\/swiss-market-ends-weak-after-lackluster-session\/"},"modified":"2021-03-24T18:13:21","modified_gmt":"2021-03-24T18:13:21","slug":"swiss-market-ends-weak-after-lackluster-session","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/03\/24\/swiss-market-ends-weak-after-lackluster-session\/","title":{"rendered":"Swiss Market Ends Weak After Lackluster Session"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland market, which briefly rebounded into positive territory after a weak start Wednesday morning, faltered soon and spent the rest of the session in the red.<\/p>\n<p>Investors stayed reluctant to pick up shares amid concerns about rising new <span class=\"landLinks\">coronavirus<\/span> cases.<\/p>\n<p>The benchmark SMI, which rose to 11,106.94 after a weak start, fell to a low of 11,033.37 before finally settling at 11,063.87, netting a loss of 34.79 points or 0.31%.<\/p>\n<p>Roche Holding ended lower by about 1.5%. Richemont, Sika, Lonza Group and ABB lost 0.8 to 1%, while ABB, Novartis and Givaudan ended 0.4% down from previous closing levels.<\/p>\n<p>Partners Group shares gained 2.6% and LafargeHolcim ended 2.3% up. Swiss Re, Swiss Life Holding and UBS Group moved up 0.7 to 1.1%. Credit Suisse, Alcon and Geberit gained a little over 0.5% each.<\/p>\n<p>Among the stocks in the Mid Price Index, Dufry ended nearly 7% down and Logitech ended lower by 3.1%.<\/p>\n<p>Among the gainers, VAT Group moved up 2.7% and Kuehne &amp; Nagel gained 1.65%, while Schindler Holding, AMS, Swiss Prime Site and Flughafen Zurich gained 1.2 to 1.5%.<\/p>\n<p>The Swiss National Bank is scheduled to announce its rate decision on Thursday. The central bank is widely expected to maintain interest rates at -0.75%, the lowest in the world. The bank&#8217;s monetary policy assessment that will provide some clues about the outlook for the Swiss <span class=\"landLinks\">economy<\/span> will be in focus. <\/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 Ends Weak After Lackluster Session<\/a><br \/>\n<br \/>2021-03-24 18:13:21<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland market, which briefly rebounded into positive territory after a weak start Wednesday morning, faltered soon and spent the rest of the session in the red. Investors stayed reluctant&#8230;<\/p>\n","protected":false},"author":2,"featured_media":8296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-8295","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8295","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=8295"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/8296"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=8295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=8295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=8295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}