Swiss Market Ends Modestly Lower
(RTTNews) - The Switzerland stock market ended modestly lower on Thursday after languishing in negative territory right through the day's session.
The benchmark SMI ended down 33.52 points or 0.3% at 10,968.10, after moving in a very narrow band between 10,960.43 and 10,998.32.
Lonza Group ended down 1.85%. Sonova declined 1.1%, while Novartis, Nestle, UBS Group and Kuehne & Nagel shed 0.5 to 0.75%.
Sika gained nearly 1%. Logitech International, Zurich Insurance Group, Swisscom, Geberit and Partners Group lost gained 0.5 to 0.8%.
In the Swiss Mid Price Index, VAT Group ended down 2.37%. Meyer Burger Tech declined nearly 2%. Swatch Group, Avolta, SGS and Sandoz lost 1 to 1.5%.
ams OSRAM AG shares climbed 3.67%. Schindler Ps advanced nearly 2.5%, while Schindler Holding and Ems Chemie Holding gained 1.71% and 1.5%, respectively.
A report from the State Secretariat for Economic Affairs (SECO) showed Switzerland's unemployment rate increased slightly in November to the highest level in nine months, climbing to 2.1%, from 2% in October.
In the corresponding month last year, the jobless rate was 2%.
The youth unemployment rate, which is applied to the 15-24 age group, remained stable at 2.1%.
Data also showed that the seasonally adjusted jobless rate came in at 2.1% in November, the same as in the prior month.
U.S. Dollar Weakens After Soft ISM Services PMI Data
TSX Continues To Climb Higher; Technology, Energy Stocks Rise
Swiss Market Settles On Firm Note As Alcon, UBS Group Rise Sharply
European Markets Close On Firm Note On Rate Cut Hopes, AI Optimism
U.S. Service Sector Activity Unchanged In September
Eurozone Private Sector Maintains Expansion
Bay Street Headed For Positive Start
