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Market Update: Swiss Stocks Set Longest Winning Streak for 33 Years
The Swiss Mid Price Index extended gains for the 13th session to fresh record highs on Friday, the longest winning streak in its 33-year history on optimism over economic recovery as summer approaches and vaccination rates rise. The Switzerland economy is set to grow by 3.5% this year and it is likely to return to its pre-crisis level by the middle of the year. Also, a retreat in government bonds in the past weeks before the FOMC helped the SMI index to stand out. Biotech company Lonza, and drugmakers Roche and Novartis are among the best performers. [/s2If]
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