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The Swiss stock market remains in a bearish trend, with the SMI Guiding Values Index down 1.08% to 8174.97 points, influenced by concerns over potential U.S. interest rate hikes. Major banks like UBS and Credit Suisse faced significant losses, while defensive stocks like Nestlé and Novartis attempted to mitigate the downturn. Kudelski saw a positive turn with a court victory against China's Gotech, while Adienne announced plans to enter the stock market without further details.
The Swiss stock exchange closed lower, with the SMI down 0.70% at 8206.20 points, following concerns over potential U.S. interest rate hikes. Major banks like UBS and Credit Suisse faced significant losses, while defensive stocks like Nestlé and Novartis attempted to mitigate the downturn. Market experts anticipate a turbulent period ahead after recent volatility in U.S. markets.
Eric Rosengren
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
swiss stock market faces downturn amid us interest rate concerns
United States Dollar
Richemont DNS Inc.
Julius Bär Stiftung
Novartis AG
Hoffmann-La Roche AG
Swiss Life Holding AG
Swatch AG
ADIENNE SA
Credit Suisse Anlagestiftung
Gotech
Swiss Re AG
Zurich Insurance Group AG
ABB Ltd
Geberit AG
UBS AG
Kudelski SA
LafargeHolcim Ltd.
Nestlé S.A.
Adecco Group AG
CHE
Eric Rosengren
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18:34 15.11.2024
swiss stock exchange declines as investors react to us interest rate concerns
Swiss Franc
Richemont DNS Inc.
Swisscom AG
Julius Bär Stiftung
Novartis AG
Actelion Ltd.
Hoffmann-La Roche AG
Swiss Life Holding AG
Swatch AG
ADIENNE SA
Credit Suisse Anlagestiftung
Swiss Re AG
Zurich Insurance Group AG
SGS SA
ABB Ltd
Geberit AG
UBS AG
Syngenta AVC SA
Kudelski SA
LafargeHolcim Ltd.
Nestlé S.A.
Adecco Group AG
Givaudan SA
CHE
Eric Rosengren
Neel Kashkari
Dennis Lockhart
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17:32 15.11.2024
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