Swiss Market Ends On Positive Note
2025-05-03
3692
(fxcue news) - 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.
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