Swiss stock market closes slightly higher before Christmas holidays - impact on US interest rates and share prices

Swiss stock market closes slightly higher before Christmas holidays - impact on US interest rates and share prices

According to a report by www.finanzen.net,
The Swiss stock market closed slightly higher on Friday. Due to the upcoming Christmas holidays, trading will not resume until next Wednesday. There were only a few small position adjustments. US price data received a slightly positive reception, with the core PCE price index rising 0.1 percent month-on-month in November. The SMI improved by 0.2 percent to 11,153 points, with 15 SMI values ​​recording gains and five losses. The shares traded amounted to 11.96 million.

The small increase in the PCE price index could support expectations of falling US interest rates, which could have a positive impact on the market. Companies didn't show any big news ahead of the holidays, and there was also a lack of analyst commentary that could cause movement for individual stocks. The 2.1 percent increase in Lonza shares topped the list of winners in the SMI. Shares in index heavyweights Novartis, Nestle and Roche showed mixed developments, while shares in Richemont and Swatch were at the bottom of the chart, with losses of 1.2 and 1.4 percent respectively.

The small increase in the PCE price index could indicate that US interest rates remain low, which could have a positive impact on stock markets. The slightly positive stock movements despite the lack of company news and analyst comments indicate stable investor confidence. The low volume could also indicate that many investors have already exited their positions before the holidays. Overall, the Swiss stock market is performing well before Christmas, but further developments after the holidays could ensure clearer market performance.