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

bobst reports 14 percent sales increase despite lower net income in first half

Bobst, a packaging machinery manufacturer, reported first-half sales of 600.4 million francs, a 14% increase year-on-year, despite a drop in net income to 9.7 million francs from 14.8 million. The Sheet-fed and Services divisions saw sales rise by 23% and 17%, respectively, while Web-fed sales declined by 7%. The company has revised its annual business volume growth targets to 1.35-1.40 billion francs, exceeding analysts' forecasts.
17:17 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
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