Swiss Consumer Confidence (Mar) -43 vs. Exp. -32 (Prev. -30)
The Swiss Consumer Confidence index for March was reported at -43, notably lower than the expectation of -32 and the previous reading of -30.
European Movers: Alstom (ALO FP) +2.3%, Holcim (HOLN SW) +2.0%, Unite (UTG LN) +1.9%, STMicroelectronics (STMPA FP) +1.8%, ASML (ASML NA) +0.6%, Sodexo (SW FP) -17.1%
Porsche (P911 GY) Q1 deliveries 61k, (-15% Y/Y); -21% in China, -11% in North America
Swiss Consumer Confidence (Mar) -43 vs. Exp. -32 (Prev. -30)
Additional European Equity News
Iranian media reports of intense activity of hostile drones in Iranian cities Tehran, Parachin, Tabriz, and other cities
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This significant miss suggests growing concerns among consumers, which could indicate weakening economic sentiment and potential implications for domestic spending and overall economic growth in Switzerland.
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