{"id":9540,"date":"2021-05-07T18:32:35","date_gmt":"2021-05-07T18:32:35","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/05\/07\/swiss-market-ends-on-firm-note-6\/"},"modified":"2021-05-07T18:32:35","modified_gmt":"2021-05-07T18:32:35","slug":"swiss-market-ends-on-firm-note-6","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/05\/07\/swiss-market-ends-on-firm-note-6\/","title":{"rendered":"Swiss Market Ends On Firm 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 firm note on Friday, in line with the trend across Europe, amid continued optimism about a fairly strong economic rebound. <\/p>\n<p>Data showing a drop in Swiss unemployment in April aided sentiment.<\/p>\n<p>The benchmark SMI, faltered and briefly slipped into negative territory after a positive start, but recovered well and eventually ended with a gain of 62.47 points or 0.56% at 11,173.57, the day&#8217;s high. <\/p>\n<p>Alcon shares gained 2.75%. Swatch Group climbed 2.3%, while Partners Group, Zurich Insurance Group, Roche Holding and Swiss Life Holding gained 1.2 to 1.4%.<\/p>\n<p>Richemont ended nearly 1% up, while SGS, Sika, Swiss Re, Novartis and Lonza Group gained 0.5 to 0.8%.<\/p>\n<p>LafargeHolcim ended lower by about 3.4%. Credit Suisse and Swisscom posted modest losses.<\/p>\n<p>Among the stocks in the Mid Price Index, Logitech rallied 3.3%. VAT Group, AMS, Tecan Group and SIG Combibloc gained 2 to 2.8%, while Sonova, Temenos Group, Adecco, BB Biotech, Georg Fischer and Helvetia moved up 1.4 to 1.9%.<\/p>\n<p>Data released by the State Secretariat for Economic Affairs, Switzerland&#8217;s jobless rate decreased in April, falling to 3.1% from 3.3% in the previous month. Economists had expected a rate of 3.3%.<\/p>\n<p>On an unadjusted basis, the unemployment rate fell to 3.3% in April from 3.4% in the previous month. This was in line with economists&#8217; expectation. The number of registered unemployed declined to 151,279 in April from 157,968 in the preceding month.<\/p>\n<p>The unemployment rate among the youth aged between 15 and 24, decreased to 2.7% in April from 3% in the prior month. <\/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 Ends On Firm Note<\/a><br \/>\n<br \/>2021-05-07 18:32:35<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended on a firm note on Friday, in line with the trend across Europe, amid continued optimism about a fairly strong economic rebound. Data showing a&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9541,"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-9540","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9540","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=9540"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9541"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}