India, Jan. 30 -- The Switzerland market closed on a firm note on Thursday, extending recent gains, after data showed an improvement in Swiss business confidence. An interest rate cut by the European Central Bank and largely positive moves in other European markets aided sentiment.
The benchmark SMI closed up 74.22 points or 0.59% at 12,604.54.
A report from Swiss Economic Institute said business confidence in Switzerland increased to 101.60 points in January 2025, from 99.60 points in December 2024.
Data from the Federal Customs Administration showed Switzerland's foreign trade surplus increased notably during the year 2024 compared to last year amid a new record growth in exports while a fall in imports.
The trade surplus for 2024 was...