25.06.2024 19:40:35 - dpa-AFX: Swiss Market Ends Moderately Lower

BRUSSELS (dpa-AFX) - The Switzerland market ended weak on Tuesday, in line
with markets across Europe, with investors awaiting some key economic data from
the U.S. for more clues about the outlook for Federal Reserve's interest rate
moves.

The benchmark SMI ended with a loss of 70.98 points or 0.58% at 12,086.31. The
index touched a low of 12,054.76.

UBS Group drifted down by about 3.2%. The lender has agreed to sell a 36.01%
stake in Credit Suisse's money-losing Chinese venture to Beijing-backed Assets
Management Co. for $91.4 million, in a deal valuing the venture at $253 million.

Schindler Ps ended down 3.85%. Lindt & Spruengli, Partners Group and Geberit
lost 1.74%, 1.62% and 1.28%, respectively.

ABB, Alcon, Nestle, Roche Holding, Lonza Group, Swatch Group, Logitech
International, Holcim, Sonova and Swiss Re ended lower by 0.5 to 1%.

Richemont climbed about 2.75%. Bernard Arnault, Europe's richest man and the
chairman of high fashion to champagne group LVMH MC, has reportedly bought a
stake in Richemont.

Straumann Holding and SIG Group both advanced nearly 1%. Santoz Group and SGS
posted modest gains.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CAC 40 969400 Paris 7.479,40 28.06.24 18:05:01 -51,32 -0,68% - - 7.544,40 7.530,72
FTSE 100 969378 Financial Times SE 8.164,12 28.06.24 17:35:30 -15,56 -0,19% - - 8.179,68 -
DAX ® 846900 Xetra 18.235,45 28.06.24 17:50:00 +24,90 +0,14% - - 18.211,97 18.210,55
E-STOXX 50 ® 965814 STOXX Ltd. 4.894,02 28.06.24 17:50:00 -8,58 -0,18% 0,000 - 4.909,30 4.902,60

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