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Swiss stock market dips as labor data and tech sector woes weigh down indices

The Swiss stock market experienced a slight decline, with the SMI closing 0.24% lower at 12,593.34 points, marking its first loss after six weeks of gains. Swisscom and Holcim saw gains amid merger rumors, while financial stocks like Julius Baer and Partners Group faced significant losses. The US labor market data influenced investor sentiment, with employment growth slightly below expectations but a drop in the unemployment rate to 4%.

Swiss stock market rallies as Richemont drives optimism and growth

The Swiss stock market has kicked off the year strongly, with all SMI stocks rising except for Geberit and Kühne + Nagel International. Richemont leads the gains with a nearly 25% increase in year-to-date performance, driven by a 10% rise in sales to €6.15 billion, despite challenges in China.Technically, the SMI is testing last year's high of around 12,500 points, with potential to reach its 2021 record of 13,000 points if the global economy accelerates. A pullback below the 200-session moving average at approximately 11,950 points would invalidate this bullish outlook.

Swiss stock market poised for growth with Richemont leading the charge

The Swiss stock market has started the year strongly, with all SMI stocks rising except for Geberit and Kühne + Nagel International. Richemont led the gains with a nearly 25% increase in year-to-date performance, driven by robust jewelry sales, while UBS benefited from positive results from US banks.Technically, the SMI is testing last year's high of 12,500 points, with potential to reach its 2021 record of 13,000 points in the coming months, contingent on global economic acceleration. A pullback below the 200-session moving average at 11,950 points would invalidate this bullish outlook.

ubs maintains neutral stance on geberit with limited growth outlook

UBS maintains a neutral recommendation on Geberit, citing limited EPS growth potential for 2025 and an unchanged price target of €520, reflecting a 4% upside. The company anticipates net sales growth of 1-2% in local currencies for 2024, with an EBITDA margin around 29.5%.

ubs maintains neutral stance on geberit with limited growth outlook

UBS maintains a neutral recommendation on Geberit, citing limited EPS growth potential for 2025 and an unchanged price target of €520, indicating a 4% upside. The company anticipates net sales growth of 1-2% in local currencies for 2024, with an EBITDA margin around 29.5%.

ubs maintains neutral stance on geberit with limited growth outlook

UBS maintains a neutral recommendation on Geberit, citing limited EPS growth potential for 2025 and an unchanged price target of €520, reflecting a 4% upside. The company anticipates net sales growth of 1-2% in local currencies for 2024, with an EBITDA margin around 29.5%.

ubs reaffirms recommendation for geberit stock analysis published by boursorama

UBS has reiterated its recommendation on Geberit stock, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that it has not influenced the analysis, which is provided for informational purposes only and carries no contractual value. The institution maintains a conflict of interest management policy to ensure objectivity in its investment recommendations.

Swiss stock market surges as Richemont and Swatch Group lead gains

The Swiss stock market experienced a significant rise, with the SMI up 1.02% at 11,901.58 points, driven by strong performances from Richemont (+15.4%) and Swatch Group (+7.1%) following positive sales reports. In contrast, Geberit saw a decline of 2.1% due to stagnant sales amid a downturn in the construction industry. Positive US inflation data and a ceasefire agreement in Gaza further bolstered market confidence.

stock market update richemont reaches all-time high amid mixed economic signals

The SMI index rose, with Richemont reaching a temporary all-time high, while Sika and Geberit faced pressure. In the US, inflation increased as expected, but a slight drop in the core rate eased fears of halted interest rate cuts by the Fed in 2025. Positive developments included a ceasefire agreement in Gaza, with more US data set to be released later.

analysts update recommendations and price targets for key european stocks

Analysts have made several notable recommendations, including JP Morgan maintaining an Underweight rating for Adecco with a reduced target of CHF 19.60, while Air France-KLM was downgraded by Barclays to Underweight with a target of EUR 7. ArgenX received a buy rating from HC Wainwright & Co, raising its target to 717 USD, and BioMérieux was upgraded to Outperform by Oddo BHF with a target of EUR 132. Other significant changes include upgrades for Deliveroo and Orange, while OVH Groupe remains a sell with a raised target of EUR 8.50.
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