Swiss Market Insights: Key Developments from July 25, 2024

Monday, 3 June 2024, 06:35

In today's Swiss stock market report, the SMI continues its downward trend, significantly impacted by the pressures on major companies such as Nestlé and Julius Bär. However, Roche and Lonza show strong performance amidst market turmoil. The 'Magnificent Seven' tech stocks collectively lost over $750 billion in market value. This report provides an overview of the Swiss equities alongside movements in Wall Street, Asian stock exchanges, currency, and commodity markets.
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Swiss Market Insights: Key Developments from July 25, 2024

Swiss Stock Market Overview

The current report sheds light on the latest developments in the Swiss stock market and highlights key events on Wall Street, the Asian exchanges, as well as the currency and commodity markets.

Key Highlights

  • SMI Decline: The SMI continues to face a downturn.
  • Nestlé and Julius Bär: Both companies are under considerable pressure.
  • Roche and Lonza: These stocks are performing well despite market challenges.
  • Magnificent Seven Losses: Collectively lost over $750 billion in market value.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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