11:52 AM EDT, 09/29/2026 (MT Newswires) -- The blue-chip Swiss Market Index concluded Tuesday's trading session 0.22% in the red as investors assessed the latest corporate updates and economic data prints that hit the market. Switzerland's KOF Economic Barometer rose to 109.1 points in September from the revised 107.5 points in August. "After its consecutive increases over the previous months, it continues to stay above its medium-term average. The outlook for the Swiss economy remains favourable," the KOF Swiss Economic Institute said. "Among the indicator bundles included in the Economic Barometer, the indicator bundles for manufacturing, services, as well as for construction show particularly positive developments. A slightly weakened outlook, however, is shown by the indicators for foreign demand and financial and insurance services." Over to corporates, Julius Baer Group (BAER.SW) confirmed that Swiss financial regulator FINMA ended its enforcement proceedings related to a credit event in the wealth management group's former private debt business and legacy anti-money laundering matters tied to certain client groups. Julius Baer also noted that the regulator's requirement for the group to hold additional common equity Tier 1 capital of 250 million francs, down from the previous 500 million francs, results in a 9.4% de facto minimum CET1 capital ratio requirement, while a request regarding its share buyback program is awaiting FINMA's approval. At closing, Julius Baer's stock jumped 7.21%. On the flip side, Lindt & Sprüngli (LISN.SW) saw its shares fall 8.40% after reducing its full-year 2026 organic sales growth forecast to between 0% and 2% from its previous guidance of a 4% to 6% rise in organic sales. Looking further ahead, the chocolate maker reaffirmed its medium- to long-term organic sales growth targets of between 6% and 8%. "Necessary price increases due to historically high cocoa prices in recent years, and subdued consumer sentiment led to weaker-than-expected order volumes in certain European markets, particularly in seasonal businesses. An unprecedented heatwave this summer additionally weighed on sales in Europe," according to Chief Executive Officer Adalbert Lechner. "As cocoa prices have eased from historical highs, we expect cost pressure to gradually normalize in the coming months. We are confident that our adjusted pricing strategy, increased brand investments, innovations, and ongoing cost savings will materialize, and that demand will improve, contributing to a positive volume growth in 2027." On the geopolitical front, President Donald Trump said in a post on Truth Social that he offered Iran nothing to end their ongoing war. The statement comes after media reports, citing US officials, claiming he was open to easing sanctions on Iran and releasing frozen Iranian funds as part of a peace deal.

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