Firm closing of the Swiss stock market in November: financial expert analyses.

Firm closing of the Swiss stock market in November: financial expert analyses.

According to a report from www.fuw.ch,

The Swiss stock market recorded a significant increase in November after a three-month downward trend. This positive development was primarily supported by the expected decline in inflation in the euro area and speculation about an impending cut in key interest rates by the ECB as well as by the weakening of the PCE price index in the USA and low spending by US consumers.

The FuW Swiss 50 index rose by 0.51% and the leading index SMI recorded an increase of 0.48%. The strong advances in the SMI/SLI were primarily attributable to VAT stocks, which rose by 4.5%, and bank stocks, which benefited across Europe from a banking study by JPMorgan. UBS shares were named a “Top Pick” for the first time in over 15 years. ABB also performed strongly with a gain of 1.8% after the company revised up its sales growth and profit margin targets.

In contrast, Lonza shares recorded a loss of 1.0% after analysts at the investment house Stifel significantly lowered their profit estimates and price target. Sandoz shares continued their volatile run since going public in early October, losing 3.7%.

In the broader market, shares of TX Group fell 1.7%, while beaten shares of biotech Idorsia rose 16.0%.

The positive development on the Swiss stock market reflects general expectations regarding a key interest rate cut by the ECB and a possible interest rate cut by the US Federal Reserve Bank. These developments could have an impact on market interest rates, currency rates and the investment decisions of companies and investors. It is important to keep an eye on these developments and analyze the potential impact on the financial industry.