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Swiss stock market rebounds as political uncertainty influences trading dynamics
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.
Swiss market dips as investors await uncertain US election results
The Swiss stock market opened slightly weaker on Monday, with investors cautious ahead of the uncertain US presidential elections. Demand was noted for Bachem, Clariant, SIG, and Galderma, while the Swiss franc strengthened and the dollar weakened. Oil prices also saw an increase, contributing to market volatility.
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