Swiss stock market closed more easily: Experts fear supply chain problems and a greater slowdown in the global economy

Swiss stock market closed more easily: Experts fear supply chain problems and a greater slowdown in the global economy

According to a report by www.moneycab.com,

The Swiss stock market closed slightly lighter on the second-to-last trading day before the Christmas break. Trading volume was severely thinned and profit-taking continued for the fifth consecutive day. The US stock markets recorded slight gains, which only helped the local stock market to a limited extent. The developments surrounding the Suez Canal and the attacks on cargo ships in the Red Sea as well as the new price data from the USA, which make an interest rate cut by the US Federal Reserve more likely, were topics that influenced the stock market. Fears of possible difficulties in the global economy in 2024 further increased the uncertainty.

The leading index SMI closed 0.11 percent lower at 11,132.60 points. The 30-title SLI fell by 0.26 percent to 1,777.89 and the broad SPI fell by 0.15 percent to 14,556.73 points. In the SLI there were 11 winners for every 19 losers.

The shares of Swatch, Richemont, Julius Bär, Lindt & Sprüngli PS, Kühne + Nagel, Swisscom, Nestlé, Roche, Lonza, Schindler, Novartis, UBS, Swiss Re and Swiss Life recorded different deals.

If one analyzes the current developments on the Swiss stock market and the increasing global uncertainties, further volatility is likely in the near future. Fears of a global economic slowdown and potential supply chain difficulties may unsettle investors and lead to further profit-taking. The stability of the market therefore remains uncertain and further fluctuating trading days are to be expected.