Swiss Market Closes Modestly Higher
From Nasdaq.: 2025-04-29 13:39:00
The Switzerland market closed higher, with the SMI gaining 0.32% to end at 12,066.69. Sandoz Group and Roche Holding saw gains, while Novartis reported a 34% surge in first-quarter net income. ABB closed nearly 2% down. Economic sentiment in the Euro Area fell to 93.6 in April 2025, with consumer sentiment dropping sharply. Consumer inflation expectations surged to 29.6, while manufacturers’ selling price expectations eased to 11.0. This marked the lowest reading since December, according to a report from the European Commission.
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