The Swiss stock market ended as strong as everyone else on Thursday market In Europe, US lawmakers avoided potential defaults after agreeing to temporarily extend their debt limits.
Senate leader Chuck Schumer, DN.Y, reportedly. Announced an agreement to extend the debt cap until early December.
Data showing the decline in Switzerland’s unemployment rate in September also contributed to the bright mood of the market.
Benchmark SMI ended at 11,763.64, 194.25 points (1.68%), just below the session’s highest of 11,771.71.
Richemont was up 4.4%, Credit Suisse was up 3.8% and UBS Group was up 3.6%. Partners Group increased by about 3.1%.
Seeka stocks rose 3%. The Swiss specialty chemicals company has confirmed its 2021 target and expects sales in local currencies to increase by 13% to 17% and EBIT to increase excessively.
ABB rose 2.5%, while Logitech, Roche Holding, Swiss Life Holding and Holcim rose about 2%. Geberit, Novartis, Swiss Re and Alcon also surged.
In the Swiss intermediate price index, AMS rose by more than 4%. Julius Baer, Adecco, Swatch Group, Cembra Money Bank, OC Oerlikon Corp, Dufry, Clariant, Logitech, BB Biotech, Temenos Group and Georg Fischer increased by 1.8-3.2%.
Switzerland’s unemployment rate fell to 2.6% without seasonal adjustment in September 2021, the lowest since February 2020, according to data released by the State Economics Authority. The number of unemployed was 6,061, a 4.8% decrease to 120,294.
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Swiss market ends with buoyancy
Source link Swiss market ends with buoyancy