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Swiss market fell sharply after three consecutive days of victories

The Swiss stock market fell sharply on Friday, in line with trends seen across Europe, due to concerns about the potential impact of China’s real estate giant Evergrande’s debt problems on global finance. market It hurt your emotions.

Benchmark SMI, which remained in the negative territory throughout the session, ended with a loss of 11,817.20 at 121.42 points (1.02%), just below the daily low of 11,805.31.

Givaudan, Partners Group, Geberit and Lonza Group lost 2.25-3%. ABB fell nearly 2% and Sika fell 1.65%. Nestlé, Archon and Logitech also fell sharply.

Credit Suisse and UBS Group made 0.92% and 0.55% profits, respectively.

In the Swiss Intermediate Price Index, Zur Rose was down 4.7%, Straumann Holding was down about 3.3% and Sonova was down about 3%.

VAT Group was down 2.1%, while Barry Callebaut, Galenica Sante, Kune & Negel and Schindler Holding were down 1.4-1.6%.

Dufry rose about 2.35% and Flughafen Zurich rose about 1.5%, while Cembra Money Bank, Vifor Pharma, AMS, and OC Oerlikon Corp recorded a slight rise.

The Swiss National Bank decided on Thursday to keep the policy rate and interest rates on SNB’s site deposits at -0.75% and is ready to intervene in the foreign exchange market as needed to counter the upward pressure on Switzerland. I repeated something. Fran. Banks reiterated that the Swiss franc was still highly valued.

Banks have observed that the momentum of economic growth has slowed slightly. SNB expects GDP growth in 2021 to be around 3%. In June, SNB expected a higher growth rate of around 3.5%.

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Swiss market fell sharply after three consecutive days of victories

Source link Swiss market fell sharply after three consecutive days of victories

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