Swiss Market Ends On Strong Note
(RTTNews) - The Switzerland market ended on a firm note on Friday, in line with markets across the region, amid optimism the Fed will start cutting interest rates from early next year, and on data showing a bigger than expected addition in U.S. non-farm payroll employment in November.
The benchmark SMI ended the day's session with a gain of 103.67 points or 0.95% at 11,071.77.
Swisscom, down marginally, was the only loser in the SMI index.
Richemont climbed about 2.6% and Logitech International gained 2.1%. UBS Group surged 1.8% and Roche Holdings ended higher by 1.54%.
Swiss Life Holding and ABB both gained about 1.4%. Sonova and Partners Group moved up nearly 1%.
Among the stocks in the Mid Price Index, Meyer Burger Tech soared nearly 14%. ams OSRAM AG shares gained about 5.2%.
Sandoz advanced 3.2%, while Belimo Holding gained 2.5%. Julius Baer, Tecan Group, Lindt & Spruengli, Straumann Holding, Barry Callebaut, Ems Chemie Holding, Schindler Ps, Swatch Group and Schindler Holding ended higher by 1.3 to 2%.
Swiss Market Closes On Bright Note
European Stocks Close Higher On Bargain Hunting, Fairly Positive Economic Data
Consumer Staples, Materials Stocks Rise As TSX Hits New Record High
U.S. Job Openings Fall To Ten-Month Low In July
U.S. Factory Orders Slump Roughly In Line With Estimates In July
Eurozone Private Sector Growth At 1-Year High
Bay Street Likely To Open On Mixed Note
