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swiss stock market remains positive after snb interest rate cut

The Swiss stock market remained positive following the Swiss National Bank's decision to cut its key interest rate by 25 basis points to 0.25%. Analysts expect this to be the last cut for the year, with inflation forecasts suggesting no need for further reductions. The SMI index rose by 0.11%, led by Nestlé, while Swissquote shares fell by 7.7% despite reporting a strong fiscal performance.

Swiss stock market remains positive after SNB interest rate cut

The Swiss stock market remained positive as the Swiss National Bank (SNB) cut its key interest rate by 25 basis points to 0.25%, a move anticipated by analysts. The SMI index rose by 0.11%, led by Nestlé and Alcon, while Swissquote shares fell 7.7% despite reporting a strong fiscal performance. HOCN shares surged 19% amid plans to appeal a delisting decision.

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 gains momentum led by UBS and Holcim shares

Swiss equities showed slight gains, with the SMI rising 0.4% to 12,624 points, supported by strong performances from Holcim (+3.7%) and UBS (+3.6%). Optimism among Swiss entrepreneurs and a positive impulse from the Bank of England contributed to the market's mood, despite losses in major pharmaceutical stocks Roche (-1.2%) and Novartis (-0.9%).

Japanese stock market declines as yen strengthens ahead of potential rate hike

The stock market shows an upward trend, with the SMI nearing 12,000 points, driven by gains in Lonza and Holcim, while Kühne+Nagel faces pressure. In Japan, the Nikkei index dropped 0.8% to 38,248.54 points, marking its worst week in three months, as the yen rose to a monthly high of 154.98 per dollar amid expectations of a potential interest rate hike by the Bank of Japan.

swiss stock exchange declines as investors react to economic uncertainties

The Swiss stock exchange closed lower, with the SMI down 0.26% at 11,384.92 points, marking a 3% loss over the week and reducing year-to-date gains to just 2%. Investor uncertainty stems from the Federal Reserve's cautious approach to interest rate cuts and concerns over a potential U.S. government shutdown. Notable declines were seen in UBS, Partners Group, and various insurance companies, while Idorsia plummeted 50.35% due to delays in drug negotiations.

Basler Kantonalbank appoints new members to Bank Council ahead of term change

The cantonal government of Basel-Stadt has appointed Sonja Stirnimann and Felix Uhlmann to the Bank Council of Basler Kantonalbank, replacing Karoline Sutter and Urs Berger. Stirnimann, an economist and CEO of Structuul, is also stepping down from her role at Glarner Kantonalbank, while Uhlmann is a law professor at the University of Zurich. Adrian Bult and Christine Hehli Hidber were re-elected as Chairman and Vice-Chairwoman, respectively, for the upcoming term.

Basler Kantonalbank appoints new members to Bank Council ahead of term change

The cantonal government of Basel-Stadt has appointed Sonja Stirnimann and Felix Uhlmann to the Bank Council of Basler Kantonalbank, replacing Karoline Sutter and Urs Berger. Stirnimann, an economist and CEO of Structuul, is also stepping down from her role at Glarner Kantonalbank, while Uhlmann is a law professor at the University of Zurich. Adrian Bult and Christine Hehli Hidber were re-elected as Chairman and Vice-Chairwoman, respectively, for the upcoming term.
09:18 11.12.2024

sonja stirnimann transitions from glarner kantonalbank to basler kantonalbank board

Sonja Stirnimann is transitioning from the Board of Directors at Glarner Kantonalbank to Basler Kantonalbank, marking a rare move between cantonal banks. With a diverse career including roles at Swiss Bank Corporation and UBS, she has been CEO of Structuul since 2015. Stirnimann's departure follows notable issues at Blue Horizon, where she and other board members recently resigned.
08:01 11.12.2024

Basler Kantonalbank appoints new Bank Council members for upcoming term

The Government Council has appointed the Bank Council of Basler Kantonalbank for the term from April 1, 2025, to March 31, 2029. Adrian Bult and Dr. Christine Hehli Hidber were re-elected as Chairman and Vice-Chairwoman, respectively, while Sonja Stirnimann and Dr. Felix Uhlmann join as new members, replacing Karoline Sutter and Urs Berger. The council's composition adheres to gender and residency requirements as stipulated by the BKB Act.
08:00 11.12.2024
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