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The SMI is up, driven by demand for Richemont and Swiss Re, while Lem shares have plummeted. Bitcoin continues its record chase, but China's latest economic measures and disappointing inflation figures raise concerns about the recovery of the world's second-largest economy. As Singles' Day begins, it will be a key indicator of consumer sentiment in China.
The Swiss stock market rebounded on November 11, 2024, with the SMI closing 0.89% higher at 11,902.79 points after three weeks of losses. Swiss Re shares surged 3.6% following a UBS upgrade, while cyclical stocks like Sika and ABB also gained. Political developments, particularly regarding US President-elect Donald Trump, are expected to influence market volatility in the coming weeks.
LEM AG
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
China's economic concerns overshadow Singles' Day as markets react
09:50 11.11.2024
Swiss stock market rebounds as political uncertainty influences trading dynamics
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07:04 11.11.2024
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