• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Swiss SMI rises 5.1% in October, beating Euro Stoxx 50 by 7.5 points

FinanceInternationalXTB.com40 s readAI summary
Image: XTB.com

The Swiss SMI was up about 5.1% in October, against a 2.4% decline in the Euro Stoxx 50, a 7.5 percentage point gap, the widest since March 2020. Roche, Novartis and Nestlé gained 13%, 9% and 10% in the month. The text attributes this resilience to the weight of healthcare, financials, industrials and consumer staples in the Swiss market, to the franc as a safe-haven currency and to official rates at 0%.

In 40 seconds

  • The SMI rose about 5.1% in October versus a 2.4% drop in the Euro Stoxx 50, a 7.5 point gap, the widest since March 2020
  • Roche, Novartis and Nestlé posted monthly gains of 13%, 9% and 10%, respectively
  • At the end of September, healthcare accounted for about 38.6% of the MSCI Switzerland, financials 20%, industrials 13.3% and consumer staples 13%
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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