{"id":9466,"date":"2021-05-05T18:32:36","date_gmt":"2021-05-05T18:32:36","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/05\/05\/swiss-market-closes-on-bright-note\/"},"modified":"2021-05-05T18:32:36","modified_gmt":"2021-05-05T18:32:36","slug":"swiss-market-closes-on-bright-note","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/05\/05\/swiss-market-closes-on-bright-note\/","title":{"rendered":"Swiss Market Closes On Bright Note"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market ended on a bright note on Wednesday, tracking the trend in global <span class=\"landLinks\">markets<\/span> amid signs of strong economic rebound from the pandemic.<\/p>\n<p>Investors were digesting earnings announcements and other corporate news, as well as data on Swiss consumer prices.<\/p>\n<p>The benchmark SMI ended with a gain of 137.95 points or 1.26% at 11,108.88, slightly off the day&#8217;s high of 11,114.37.<\/p>\n<p>ABB, Geberit and Sika gained 3.2 to 3.8%. UBS Group, Richemont, Givaudan, LafargeHolcim and Partners Group ended stronger by 2 to 2.6%.<\/p>\n<p>Lonza Group, Swiss Re, SGS, Zurich Insurance Group, Swiss Life Holding, Novartis, Roche Holding and Swatch Group also closed on firm note.<\/p>\n<p>Alcon shares plunged 5.8% despite posting earnings per share of 17\u00a2 on sales of $1.9 billion for the three months ended March 31, 2021, registering revenue growth of 4.8% year-over-year.<\/p>\n<p>In the Mid Price section, AMS surged up more than 9%. Clariant, SIG Combibloc, Straumann Holding, Kuehne &amp; Nagel, Logitech, Georg Fischer and Dufry gained 2 to 4%. Ems Chemie Holding ended nearly 2% up, while Julius Baer and Barry Callebaut gained 1.7% and 1.6%, respectively.<\/p>\n<p>Data from the Federal Statistical Office showed Switzerland&#8217;s consumer prices rose for the first time in fifteen months in April, increasing by 0.3% year-on-year, after a 0.2% fall in March. This was in line with economists&#8217; expectation.<\/p>\n<p>On a monthly basis, consumer prices rose 0.2% in April, after a 0.3% increase in the previous month. Prices for fruits, vegetables, clothing and hotel accommodation increased in April, while prices for heating oil and berries declined.<\/p>\n<p>The core CPI remained unchanged yearly in April and rose 0.2% from the previous month. The EU measure of harmonized index for consumer prices, or HICP rose 0.3% monthly in April and decreased 0.1% from a year ago. <\/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 On Bright Note<\/a><br \/>\n<br \/>2021-05-05 18:32:36<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended on a bright note on Wednesday, tracking the trend in global markets amid signs of strong economic rebound from the pandemic. Investors were digesting earnings&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9467,"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-9466","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9466","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=9466"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9467"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}