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2025-04-052025-04-051111100
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Swiss stock exchange declines as banking stocks face renewed pressure

The Swiss stock exchange turned negative, with the SMI down 0.30% to 8060.69 points and the SPI losing 0.37% to 8704.05 points amid low trading volumes. Banking stocks faced pressure, particularly UBS (-1.86%) and Credit Suisse (-1.52%), due to uncertainties around Brexit and low interest rates. Defensive stocks like Novartis (+0.44%) showed resilience, while Sulzer surged 10.59% following its acquisition of Geka.
17:06 09.11.2024

Swiss stock market declines amid mixed earnings and monetary policy uncertainty

The Swiss stock market declined, with the SMI Leading Value Index down 0.67% to 8166.01 points amid uncertainty following the Federal Reserve's unchanged benchmark rate. Credit Suisse's surprising profit announcement led to a 3.38% drop in its shares, while UBS and Julius Bär also fell. Logitech surged 15.94% as it reported strong growth for the fiscal year.
15:49 09.11.2024

Swiss stock exchange declines as investors take profits amid mixed earnings reports

The Swiss stock exchange closed sharply lower, with the SMI down 1.54% at 8095.07 points, as investors took profits after recent gains. Credit Suisse saw a significant drop of 5.02% despite reporting a profit for the second quarter, while other major banks and insurance companies also faced declines. In contrast, Logitech surged 13.62% following a strong start to its fiscal year.
09:03 09.11.2024

Swiss stock exchange rallies as oil prices rise and key stocks gain

The Swiss stock exchange started the week positively, with the SMI Guiding Values Index rising 1.51% to 7982.44 points, while the SPI gained 1.50% to 8311.73 points. The market's optimism is fueled by increasing oil prices, benefiting companies like Transocean and cyclical stocks such as ABB and Adecco. Notable gains were also seen in banking and insurance sectors, with UBS and Swiss Re performing well, while EFG International faced a decline after announcing its acquisition of BSI.
20:10 08.11.2024

Swiss stock market shows strong gains amid stabilization and economic optimism

The Swiss stock market is on an upward trend, with the SMI Index rising 1.25% to 7911.11 points and the SPI gaining 1.29% to 8216.60 points. Traders note a stabilization phase despite lingering uncertainties, while stocks like ABB, Adecco, and LafargeHolcim show strong performances. In the luxury sector, Swatch and Richemont benefit from positive expectations for Chinese New Year sales, while Clariant faces pressure due to disappointing figures.
19:18 08.11.2024

ubs maintains neutral rating for zurich insurance shares with target price set

UBS has maintained a "Neutral" rating for Zurich Insurance, setting a target price of 475 Swiss francs, citing positive financial trends and capital flexibility from its Farmers Group subsidiary. However, the property and casualty insurance segment's turnover growth fell short of expectations. Zurich shares rose 1.2% to CHF 526.60, reflecting a 26.8% increase in 2024, with a downside potential of 9.80% relative to the target price. Q4 2024 results are anticipated on February 6, 2025.
10:37 07.11.2024

ubs maintains neutral stance on zurich insurance group performance analysis

UBS has maintained a neutral recommendation for Zurich Insurance Group Ltd, which primarily generates its revenue from general insurance (78.9%). The company also earns from life insurance (6.8%) and various other activities, including investment and market banking, reinsurance, and asset management, contributing to 1.1% and 13.2% of its income, respectively.
10:36 07.11.2024

ubs maintains neutral rating for zurich with price target of 475 francs

UBS has maintained a 'Neutral' rating for Zurich Insurance Group with a target price of 475 Swiss francs, following the release of nine-month figures. Analyst Will Hardcastle noted positive trends in financial strength and capital flexibility from the Farmers Group subsidiary, though property and casualty insurance sales fell short of expectations.
09:48 07.11.2024

top european insurers consider bids for baloise following activist pressure

Baloise Holding AG has emerged as a prominent takeover target in Europe’s financial sector following interest from an activist investor. Major industry players, including Zurich Insurance Group AG, Axa SA, and Allianz SE, are evaluating potential bids for Baloise or its business segments, consulting with advisers on the feasibility of a deal.

zurich reports growth across all business segments in first nine months

Zurich Insurance Group reported growth across all segments in the first nine months of the year, with property and casualty insurance gross premiums rising 4% to $36.1 billion and life insurance premiums increasing 4% to $12.6 billion. Farmers Management Services also saw a 6% rise in underlying fee income. Group CFO Claudia Cordioli expressed confidence in exceeding current targets, with further strategic details to be revealed on November 21.
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