{"id":9431,"date":"2021-05-04T18:36:01","date_gmt":"2021-05-04T18:36:01","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/05\/04\/swiss-market-closes-notably-lower\/"},"modified":"2021-05-04T18:36:01","modified_gmt":"2021-05-04T18:36:01","slug":"swiss-market-closes-notably-lower","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/05\/04\/swiss-market-closes-notably-lower\/","title":{"rendered":"Swiss Market Closes Notably Lower"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market ended notably lower on Tuesday, in line with the trend across Europe, as worries about valuation and a bit of uncertainty about the pace of economic recovery due to surging <span class=\"landLinks\">coronavirus<\/span> cases hurt sentiment.<\/p>\n<p>The benchmark SMI ended down with a loss of 148.07 points or 1.33% at 10,970.93, slightly off the day&#8217;s low of 10,959.78. The index advanced to a high of 11,144.83 in opening trades but lost momentum within the next few minutes.<\/p>\n<p>Adecco shares ended more than 5% down after the company, which posted a profit in the first quarter, cautioned that COVID-19 related uncertainties remain elevated.<\/p>\n<p>Temenos lost 3.85% and Credit Suisse shed about 3.3%. UBS declined 2.75%, while Lonza Group, Julius Baer, Alcon and Richemont lost 2 to 2.4%.<\/p>\n<p>Zurich Insurance Group, Swiss Re, Straumann Holding, Roche Holding, ABB, Partners Group, Nestle, Sika and Swiss Life Holding also ended notably lower.<\/p>\n<p>AMS ended stronger by about 1.1%, while Geberit and Logitech closed with modest gains.<\/p>\n<p>On the economic front, Swiss consumer sentiment improved in April as expectations regarding economic outlook turned positive, according to quarterly survey results from the State Secretariat for Economic Affairs, or SECO.<\/p>\n<p>The consumer confidence index rose to -7.1 in April from -14.2 in January. The score has returned approximately to its pre-crisis level of early 2020.<\/p>\n<p>Among components of the index, the gauge measuring households&#8217; expectations regarding general economic development climbed to +3.4, the highest value recorded since autumn 2018, from -17.7 points in January.<\/p>\n<p>Increasing likelihood of making major purchases also helped to raise the consumer sentiment index. The corresponding index came in at -13.4 versus -19.6 in the previous quarter.<\/p>\n<p>The index measuring the past financial situation rose to -12.0 from -12.4 and the expected financial situation gained to -6.4 from -7.2 in the preceding period. <\/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 Notably Lower<\/a><br \/>\n<br \/>2021-05-04 18:36:01<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended notably lower on Tuesday, in line with the trend across Europe, as worries about valuation and a bit of uncertainty about the pace of economic&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-9431","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\/9431","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=9431"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9431\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9432"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}