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Swiss stock market shows minimal movement amid mixed corporate earnings and monetary policy concerns

Swiss stock exchange declines as banking stocks face renewed pressure

The Swiss stock exchange turned negative, with the SMI down 0.30% to 8060.69 points and the SPI losing 0.37% to 8704.05 points amid low trading volumes. Banking stocks faced pressure, particularly UBS (-1.86%) and Credit Suisse (-1.52%), due to uncertainties around Brexit and low interest rates. Defensive stocks like Novartis (+0.44%) showed resilience, while Sulzer surged 10.59% following its acquisition of Geka.
17:06 09.11.2024

Swiss stock market declines amid mixed earnings and monetary policy uncertainty

The Swiss stock market declined, with the SMI Leading Value Index down 0.67% to 8166.01 points amid uncertainty following the Federal Reserve's unchanged benchmark rate. Credit Suisse's surprising profit announcement led to a 3.38% drop in its shares, while UBS and Julius Bär also fell. Logitech surged 15.94% as it reported strong growth for the fiscal year.
15:49 09.11.2024

Swiss stock exchange declines as investors take profits amid mixed earnings reports

The Swiss stock exchange closed sharply lower, with the SMI down 1.54% at 8095.07 points, as investors took profits after recent gains. Credit Suisse saw a significant drop of 5.02% despite reporting a profit for the second quarter, while other major banks and insurance companies also faced declines. In contrast, Logitech surged 13.62% following a strong start to its fiscal year.
09:03 09.11.2024

Swiss stock exchange rallies as oil prices rise and key stocks gain

The Swiss stock exchange started the week positively, with the SMI Guiding Values Index rising 1.51% to 7982.44 points, while the SPI gained 1.50% to 8311.73 points. The market's optimism is fueled by increasing oil prices, benefiting companies like Transocean and cyclical stocks such as ABB and Adecco. Notable gains were also seen in banking and insurance sectors, with UBS and Swiss Re performing well, while EFG International faced a decline after announcing its acquisition of BSI.
20:10 08.11.2024

Swiss stock market shows strong gains amid stabilization and economic optimism

The Swiss stock market is on an upward trend, with the SMI Index rising 1.25% to 7911.11 points and the SPI gaining 1.29% to 8216.60 points. Traders note a stabilization phase despite lingering uncertainties, while stocks like ABB, Adecco, and LafargeHolcim show strong performances. In the luxury sector, Swatch and Richemont benefit from positive expectations for Chinese New Year sales, while Clariant faces pressure due to disappointing figures.
19:18 08.11.2024

analysts update recommendations and price targets for major european companies

Analysts have updated their recommendations and price targets for several companies. Notable changes include Jefferies lowering Adecco's target to CHF 29, Barclays reducing Air France-KLM's to EUR 8.50, and Stifel cutting Capgemini's to EUR 225. Rheinmetall's target was raised to EUR 640 by BNP Paribas Exane, while Exosens saw an increase to EUR 28.50 from Bernstein. Other adjustments include reductions for Engie, Legrand, and Solvay, reflecting varied market sentiments.
08:53 08.11.2024

healthcare staffing market analysis trends and future growth insights

Coherent Market Insights offers a comprehensive analysis of the Healthcare Staffing Market, detailing service types, regional segmentation, and key market indicators. The report evaluates market dynamics, competitive strategies, and growth forecasts through 2031, providing valuable insights for stakeholders across various sectors.

spi index declines as top stocks show mixed performance

The SPI index on the Zurich Stock Exchange fell 0.18% to 16,103.02 points at midday, marking a weekly decline of 0.974%. Over the past year, the index has risen by 10.52%, with a current high of 16,557.98 points and a low of 14,455.60 points. Notable gainers include Schlatter Industries and Rieter, while HOCHDORF and Evolva are among the biggest losers.
09:00 02.10.2024

spi index declines as trading volume shifts among top stocks

On Wednesday, the SPI index in Zurich fell 0.20% to 16,099.50 points, marking a decline of 0.996% since the start of the week. The index has risen 10.50% year-to-date, with a high of 16,557.98 points and a low of 14,455.60 points recorded this year. Schlatter Industries and Rieter led the gains, while HOCHDORF and Evolva faced significant losses.
09:00 02.10.2024
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