From Nasdaq: 2024-09-18 13:41:16

The Switzerland market closed lower on Wednesday as investors awaited the Federal Reserve’s monetary policy announcement. The benchmark SMI ended down 0.5% at 11,982.30, with Sonova leading the losses at 2.29%. Givaudan, Alcon, Richemont, and Sika also closed lower by 1.5 to 1.8%. On the other hand, Sandoz Group, Roche GS, and Roche Holding ended higher. The U.S. central bank is expected to lower interest rates, with debates over the size of the cut. CME Group’s FedWatch Tool indicates a 61% chance of a half-point rate cut and a 39% chance of a quarter-point rate cut.



Read more at Nasdaq: Swiss Market Ends Moderately Lower