Swiss market rebounds as Nestlé VAT and Givaudan decline

The Swiss Market Index (SMI) has rebounded after earlier losses in the morning session.

Notably, Nestlé, VAT, and Givaudan have seen declines in their stock performance, while ABB and Lonza are experiencing increased demand.

In foreign exchange markets, the euro is trading at CHF 0.9406, and the dollar is valued at CHF 0.8665.

Additionally, the oil price has slightly increased, reflecting ongoing fluctuations in the commodities market.

This morning's developments highlight the dynamic nature of the Swiss stock market and broader economic indicators.

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