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Zurich's Paradeplatz is transforming into an entertainment hub with new projects underway, including the renovation of the UBS building at Paradeplatz 6, set to open in 2027 with shops and restaurants. The Mews House will feature an apartment hotel and wellness center, while a "Planet Swatch" flagship store is planned in the former Grieder location, enhancing the area's shopping and dining options.
The Swiss stock market remained positive following the Swiss National Bank's decision to cut its key interest rate by 25 basis points to 0.25%. Analysts expect this to be the last cut for the year, with inflation forecasts suggesting no need for further reductions. The SMI index rose by 0.11%, led by Nestlé, while Swissquote shares fell by 7.7% despite reporting a strong fiscal performance.
The Swiss stock market remained positive as the Swiss National Bank (SNB) cut its key interest rate by 25 basis points to 0.25%, a move anticipated by analysts. The SMI index rose by 0.11%, led by Nestlé and Alcon, while Swissquote shares fell 7.7% despite reporting a strong fiscal performance. HOCN shares surged 19% amid plans to appeal a delisting decision.
Analysts have made several notable changes to their recommendations and price targets for various companies. Adecco Group was downgraded by Deutsche Bank, while Ahold Delhaize saw its target raised by KBC Securities. Anheuser-Busch Inbev received an upgrade from ING Bank, and Ferrari's target was increased by Jefferies. Other significant adjustments include downgrades for Porsche and Fevertree Drinks, alongside upgrades for companies like Victrex and Soitec.
The Swiss stock market faced a downturn, with the SMI index dropping below 12,500, primarily due to a significant decline in UBS shares amid capital concerns. While some companies like Lonza and Medacta saw gains, others, including Swatch and Sonova, struggled as uncertainty from international tariff disputes continued to weigh on investor sentiment.
The Swiss stock market closed lower, with the SMI down 0.40% amid global concerns over Donald Trump's new tariffs on key trading partners, which investors fear could harm the economy. While the services sector in Switzerland showed growth, manufacturing faced significant challenges, leading to workforce cuts. Notable stock movements included Julius Bär dropping 12.7% and Lonza rising 2.7%.
Analysts have made several notable changes in recommendations and price targets for various companies. Abivax's target is reduced to USD 12, while Adecco Group is downgraded to Underperform with a target of CHF 19.50. Notable upgrades include Almirall to buy at EUR 10.45 and SGS SA to buy at CHF 99.
The Swiss stock market experienced a significant rise, with the SMI up 1.02% at 11,901.58 points, driven by strong performances from Richemont (+15.4%) and Swatch Group (+7.1%) following positive sales reports. In contrast, Geberit saw a decline of 2.1% due to stagnant sales amid a downturn in the construction industry. Positive US inflation data and a ceasefire agreement in Gaza further bolstered market confidence.
The investigation into the counterfeit Omega Speedmaster, which fetched 3 million Swiss francs at auction, is expanding, revealing it was not an isolated incident. The Swatch Group has filed criminal charges against former employees and others linked to a broader trade in counterfeit watches. CEO Nick Hayek expresses frustration over the slow progress since the charges were filed a year and a half ago.
The US dollar strengthened, trading at CHF 0.8827, while the euro weakened to 1.0502 against the dollar. Market activity remains subdued ahead of key US price figures and interest rate decisions from the SNB and ECB on Thursday, with expectations of a 25 basis point cut.
The Swatch Group AG
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Zurich's Paradeplatz transforms into vibrant hub for shopping and dining
16:25 27.03.2025
swiss stock market remains positive after snb interest rate cut
Swiss Franc
Novartis AG
Swissquote Group Holding Ltd
Nestlé S.A.
Julius Bär Gruppe AG
Holcim AG
Alcon Inc.
Hoffmann-La Roche AG
Adecco Group AG
RICHEMONT, Intellectual Property Services
The Swatch Group AG
Sonova R
Axon Partners Group, S.A.
Sandoz Group AG
CHE
Arthur Jurus
Karsten Junius
Philipp Merkt
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11:36 20.03.2025
Swiss stock market remains positive after SNB interest rate cut
Swiss Franc
Novartis AG
Swissquote Group Holding Ltd
Nestlé S.A.
Hocn AG
Holcim AG
Alcon Inc.
Hoffmann-La Roche AG
Adecco Group AG
RICHEMONT, Intellectual Property Services
The Swatch Group AG
Sonova R
Axon Partners Group, S.A.
Sandoz Group AG
CHE
Arthur Jurus
Karsten Junius
Philipp Merkt
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11:35 20.03.2025
analysts update recommendations and price targets for major european companies
British Pound Sterling
Swiss Franc
Euro
United States Dollar
Norwegian Krone
Credit Agricole
Roche Holding AG
Vinci SA
L'Oréal
Spectris plc
Rational AG
Aurubis AG
BPER Banca SpA
Victrex plc
Fagerhult Group AB
Nordic Semiconductor ASA
Safestore Holdings Plc
BNP Paribas SA
Safran S.A. (ADRs)
Technip Energies N.V.
Soitec SA
Anheuser-Busch InBev SA/NV
Marimekko Oyj
Novartis AG
Interroll Holding AG
X-FAB Silicon Foundries SE
Outokumpu Oyj
Heineken N.V.
Pluxee A
Iveco Group N.V.
International Consolidated Airlines Group S.A.
Koninklijke Ahold Delhaize N.V.
The Swatch Group AG
Ferrari N.V.
UBS Group AG
Kongsberg Gruppen ASA
Adecco Group AG
Atea ASA
Fevertree Drinks PLC
Ørsted A/S
Pennon Group Plc
Hermes International
Laboratorios Farmaceuticos Rovi, S.A.
NOR
DEU
FRA
GBR
SWE
ITA
DNK
CHE
NLD
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08:44 10.02.2025
Swiss stock market declines as UBS and Sonova shares fall sharply
Swiss Franc
Sonova R
Logitech International S.A.
PolyPeptide Group AG
Novartis AG
Galderma Group N
ABB Ltd
Julius Bär Gruppe AG
Zurich, Agence générale Christian Meier SA
Lonza Group AG
Medacta Group SA
The Swatch Group AG
Nestlé S.A.
Hoffmann-La Roche AG
CHE
Francesco Siccardi
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05:52 04.02.2025
global markets decline as trump tariffs raise economic concerns
Swiss Franc
Euro
United States Dollar
Chinese Yuan
Singapore Dollar
Logitech International S.A.
Novartis AG
ABB Ltd
Sika AG
RICHEMONT, Intellectual Property Services
Lonza Group AG
The Swatch Group AG
Nestlé S.A.
Hoffmann-La Roche AG
Sandoz Group AG
USA
CHN
CHE
CAN
Francisco Ballester
John Plassard
Peter Stenico
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18:01 03.02.2025
analysts update recommendations and price targets for major european companies
British Pound Sterling
Swiss Franc
Euro
United States Dollar
UBS Group AG
LVMH Moet Hennessy Louis Vuitton SE
SGS SA
Verallia
Euronext N.V.
The Swatch Group AG
Novartis AG
Alten SA
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08:52 28.01.2025
Swiss stock market surges as Richemont and Swatch Group lead gains
Swiss Franc
Euro
United States Dollar
The Swatch Group AG
RICHEMONT, Intellectual Property Services
Geberit AG
CHE
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07:08 16.01.2025
investigation into counterfeit omega speedmaster expands as charges filed
06:30 23.12.2024
us dollar strengthens as european currencies weaken ahead of key interest rate decisions
United States Dollar
Euro
Swiss Franc
Lonza Group AG
RICHEMONT, Intellectual Property Services
Givaudan SA
The Swatch Group AG
CHE
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08:12 10.12.2024
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