Swiss Market Index Winning Streak Snaps; Richemont Falls

12:02 PM EST, 11/13/2026 (MT Newswires) -- Swiss stocks broke their four-day rally on Friday, with the blue-chip Swiss Market Index concluding the trading session 0.29% in the red. Compagnie Financière Richemont (CFR.SW) booked a year-over-year increase in fiscal first-half sales to 12.28 billion euros from 10.62 billion euros, while the Swiss luxury goods group's profit for the period surged 39% to 2.53 billion euros. "After a particularly strong Q1 in which sales rose by 20% at constant rates, the Group maintained momentum with growth of 13% in Q2 against a high comparative of +14% in the prior-year period. Both in the first half and the second quarter, all business areas performed strongly, with double-digit rises across every region except Middle East & Africa - a broad-based result driven by disciplined execution and the Group's diversified growth engines," the company said. "Whilst we cannot predict what lies ahead, we expect the macroeconomic and geopolitical environment to remain volatile for the foreseeable future." At closing, Richemont's stock fell 3.80%. Ams-Osram (AMS.SW) also saw its shares drop 9.06% as it swung to an adjusted net loss of 35 million euros in the three months ended Sept. 30, from a year-ago adjusted net result of 27 million euros. The light and sensor technology company's revenue declined over the period to 829 million euros from 853 million euros. On the economic front, Switzerland's producer and import price index increased by 0.9% month over month in October and also by 0.9% on a yearly basis to 101.6 points, government data showed. "Prices rose in particular for petroleum products, petroleum and natural gas, electrical equipment, computer, electronic and optical products, and machinery," according to the Federal Statistical Office. Elsewhere, the euro area's seasonally adjusted gross domestic product edged up 0.4% in the third quarter, after a 0.6% gain in the prior three-month period, according to Eurostat's second estimate. Meanwhile, flash data showed that the number of employed individuals in the euro area showed zero growth in the third quarter following a 0.1% rise in the previous quarter.