The Swiss stock market closed positively on Friday, with the SMI rising 0.46% to 11,762.20 points, buoyed by Wall Street's gains. In the Eurozone, inflation increased to 2.3% in November, while Switzerland's GDP grew by 0.2%. Notable stock movements included ABB (+1.6%) and SIG Group (-1.5%).
The Swiss stock market closed mostly higher on November 28, 2024, with the SMI rising 0.57% to 11,709.80 points, despite a lack of significant market-moving news. Julius Baer led gains with a 2.1% increase, while technology stocks like Logitech also performed well amid easing US interest rates. Conversely, Swatch Group and Richemont saw declines, reflecting ongoing challenges in the luxury sector.
Merck"s experimental under-the-skin injection of Keytruda demonstrated comparable characteristics to the intravenous version in a Phase 3 trial, prompting plans for discussions with regulators. With the IV formulation"s U.S. patent set to expire in 2028, Merck aims to sustain revenue from its leading cancer drug, which generated nearly $22 billion in sales in 2024. The subcutaneous version could offer greater convenience and is protected by new patents, but timely approval is crucial to fend off emerging biosimilar competition.
The SMI index is down in pre-market trading, with all 20 stocks losing ground, although Sandoz shows a slight upswing. Investors are intrigued by Evotec's potential takeover by Halozyme Therapeutics, which has offered €11 per share, causing Evotec's stock to rise to €10.80, despite a significant drop from over €21 at the year's start. Analysts note the high intrinsic value of Evotec is becoming clearer.
The Swiss stock market declined, with the SMI closing at 11,967.70 points, as caution prevails ahead of the US presidential election. UBS reported a significant Q3 net income of $1.4 billion, yet its stock fell by 4.5% amid profit-taking. Economic indicators suggest a moderately negative outlook for Switzerland, with the KOF Economic Barometer dropping below the long-term average.
Swiss equities declined mid-week, with the SMI dropping 1.1% to 11,968 points as profit-taking weighed on major stocks like UBS, which fell 4.5% despite strong quarterly results. Concerns over US labor market strength and upcoming elections contributed to investor caution, while Sandoz shares rose 3.7% following positive earnings. Weak demand from China impacted luxury goods stocks, with Richemont and Swatch down 1.4% and 3.4%, respectively.
The Swiss stock market remains in the red, with the SMI index dropping further below 12,100 points despite UBS's strong quarterly performance. A weaker-than-expected US JOLTS report raises concerns about the labor market and the Federal Reserve's next moves, while European GDP figures show modest growth in France and Germany. Among Swiss stocks, Sandoz leads gains, while Swatch Group and Straumann face significant losses amid negative analyst coverage.
The Swiss stock market experienced a downturn, with the SMI dropping 0.50% amid significant company reports, particularly focusing on UBS and Sandoz. UBS saw profit-taking after reaching a multi-year high, while Sandoz rose 2.7% following strong earnings. Tensions are rising ahead of the US labor market report and the upcoming presidential election, influencing investor behavior.
The Swiss stock market opened slightly lower, with UBS and Sandoz in the spotlight following strong quarterly results. The SMI fell by 0.16% to 12,081.41 points, while UBS rose 3.2% and Sandoz gained 2.2%. In contrast, Swatch and Richemont faced declines after negative reports.
The Swiss stock market opened slightly lower, with UBS and Sandoz in the spotlight following strong quarterly results. The SMI fell 0.16% to 12,081.41 points, while UBS rose 3.2% and Sandoz gained 2.2%. In contrast, Swatch and Richemont faced declines after negative reports.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
