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Swiss stock market declines amid trade tensions and corporate earnings reports

The Swiss stock market closed lower, impacted by US tariffs on cars and parts, with the SMI falling 0.7% to 12,867 points. UBS shares plummeted 4.1% after a downgrade by Bank of America, while Roche and other companies also faced losses. In contrast, Nestlé and Alcon saw gains due to positive developments in their business sectors.

Swiss stock market declines amid US tariff concerns and weak bank performance

The Swiss stock market closed lower, impacted by US tariffs on cars and parts, with the SMI falling 0.7% to 12,867 points. UBS shares plummeted 4.1% after a downgrade by Bank of America, while Roche and other companies also faced losses. In contrast, Nestlé and Alcon saw positive movements due to business developments.

Swiss Market Index rises as US inflation data exceeds expectations

Swiss stocks continued their upward trend, with the Swiss Market Index rising 0.16% as investors reacted to US inflation data, which showed an annual rate increase to 3% in January. Companies like Schindler and SGS reported positive earnings, with Schindler's shares climbing 1.50% following a significant profit increase. SGS also saw a 1.52% rise after acquiring an Italian customs operations firm, enhancing its services in Europe.

analysts update recommendations and price targets for major european companies

Swiss stock market rises as Kühne Nagel and UBS lead gains

The Swiss stock market closed higher on Monday, with the SMI index surpassing 12,000 points for the first time since late October, despite a cautious trading environment ahead of Donald Trump's inauguration. Kühne + Nagel, Lonza, and UBS were among the top gainers, while Zurich and Schindler saw declines. The VSMI volatility index rose by 6.5%, indicating expectations of increased market fluctuations.

swiss super-rich see asset growth with newcomers from crypto investments

The assets of Switzerland's wealthiest individuals have surged to a record 833.5 billion Swiss francs, marking a 4.8% increase after two years of decline. Gérard Wertheimer leads the list with an estimated fortune of 37 to 38 billion francs, despite a decrease in his wealth. Notable newcomers include crypto investors Giancarlo Devasini and Christian Angermayer, reflecting the growing influence of digital assets among the super-rich.

european interest rate cut fails to impact markets as inflation trends improve

The European Central Bank (ECB) has cut its key interest rate by 25 basis points to 3.25%, a move anticipated by the markets. Despite this reduction, lower interest rates are not impacting market dynamics, as inflation trends show improvement, with total inflation falling below the ECB's 2% target for the first time in three years.On the corporate front, Netflix exceeded expectations by gaining over 5 million new customers in Q3, with sales rising 15% to $9.83 billion. Schindler reported better-than-expected profitability, announcing a CHF 500 million share buyback program set to launch in November.
12:00 21.10.2024

Swiss stock market declines as luxury and tech stocks face pressure

The Swiss stock market experienced a decline mid-week, with the SMI index falling 0.21% to 12,193.07 points amid investor caution ahead of the European Central Bank's interest rate decision. Major losses were seen in luxury goods and technology sectors, particularly for Swatch Group and Richemont, following disappointing figures from LVMH. In contrast, stocks like Autoneum and Julius Baer showed gains, while Tecan plummeted 15% due to a forecast cut.
18:05 14.10.2024
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