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Swiss Market Ends On Positive Note
(RTTNews) - Despite a couple of mild setbacks that briefly pushed it into negative territory, the Switzerland market ended on a positive note on Friday.
Easing concerns about trade tensions following the announcement of a trade deal between the U.S. and U.K., and upcoming talks between U.S. and China helped keep the mood positive.
Meanwhile, According to Bloomberg News, Swiss President Karin Keller-Sutter said the nation could soon finalize a trade deal with the US following "constructive" talks in Geneva with senior US officials.
The benchmark SMI ended with a gain of 25.60 points or 0.21% at 12,087.32, after moving in a tight range between 12,054.42 and 12,123.04.
Sonova climbed 3.4%. Lonza Group and Sandoz Group gained about 2.4% and 2.1%, respectively. Logitech International ended 1.71%, SIG Group closed 1.43% up, and Partners Group gained 1.41%.
Lindt & Spruengli, Swisscom, UBS Group, Givaudan, Nestle, Julius Baer and SGS posted moderate gains.
Kuehne + Nagel closed 3.2% down. Roche Holding drifted lower by 0.88%, while Zurich Insurance, Novartis and VAT Group ended modestly lower.
Data from the State Secretariat for Economic Affairs showed Switzerland's consumer confidence index stood at -42 in April 2025, the lowest in fourteen months, falling four points from the same month last year.
TSX Settles Roughly Flat
Euro Climbs Against Most Majors
Swiss Market Ends Slightly Down
European Stocks Close Weak As Tariff Concerns Weigh On Sentiment
TSX Up Marginally After Posting New Record High
German Factory Orders Log Bigger-Than-Expected Fall
Bay Street Headed For Weak Start
