Swiss stock market starts week with a new price slide

US, WASHINGTON (ORDO NEWS) — Despite massive cash injections by the US Federal Reserve (Fed), the Swiss stock exchange slumped again on Monday.

The SMI lost 4.4 percent to 8244 meters on Monday. The Fed launched new measures to support, among other things, the flow of credit to households and small businesses.

However, investors complained that further broad-based stimulus packages were necessary to prevent the economy from falling.

The biggest losers were therefore the shares of companies whose success depends heavily on the overall economic development. The recruiter Adecco collapsed almost ten percent, while the electrical engineering company ABB lost almost seven percent in value.

The shares of the eye care company Alcon rushed down over ten percent. The flavor manufacturer Givaudan held up comparatively well with a minus of 0.9 percent.

Implenia increased 3.5 percent in small caps. The construction company is restricting work on construction sites in several countries due to the coronavirus pandemic and the associated official measures. Datacolor, which operates in the field of digital color management solutions, anticipates that the disease will affect it. The shares fell eleven percent.

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The article is written and prepared by our foreign editors from different countries around the world – material edited and published by Ordo News staff in our US newsroom press.

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