Swiss Market Index Kicks Off Week Upbeat; Cicor Technologies Shares Jump

11:48 AM EST, 11/09/2026 (MT Newswires) -- Swiss stocks welcomed the new trading week on a positive note, with the Swiss Market Index up 1.01% on Monday's close, as investor fears regarding further escalation of tensions in the Middle East eased amid ramped-up negotiation efforts to end the US-Iran war. US President Donald Trump told CNN over the weekend that fresh military strikes against Iran are "highly unlikely" as long as there is progress in talks and if Iran signs a "very strong" agreement aimed at ending the conflict. Trump is set to meet Qatari mediators today to discuss developments. In Europe, the Group of Seven, or G7, foreign ministers are in Paris for a two-day meeting for talks on crisis resolution, including support for Ukraine and stabilizing the Middle East, among other points of discussion. In corporate news, Cicor Technologies (CICN.SW) bolstered its position in the European aerospace and defense market by obtaining two multiyear defense programs expected to generate revenue of nearly 20 million francs in 2027. The Swiss electronic components company also closed its acquisition of the Cicor Senai manufacturing site in Johor, Malaysia, and signed the previously announced strategic supply deal with EDMI. At closing, Cicor's shares jumped 10.12%. Berenberg reiterated its buy rating on Geberit (GEBN.SW), along with the price target of 650 francs, after the Swiss sanitary products and bathroom ceramics manufacturer booked "solid" third-quarter results that came "broadly in line" with market forecasts. The stock ended the trading day 1.14% in the green. "While Geberit's share price has disappointed, we believe that the investment case remains intact. In our view, investors underestimate the company's ability to deliver sustainable organic growth independently of the European construction cycle," Berenberg analysts said. "We acknowledge that input cost inflation, limited construction visibility and the absence of a broad recovery have weighed on sentiment. However, we consider these challenges to be largely cyclical. Importantly, Geberit does not need a construction recovery to grow but would benefit significantly from one. Therefore, we view the disappointing share price performance as an opportunity rather than a reason to reconsider our positive stance." Looking ahead to the coming days, the week will see the release of Switzerland's producer and import prices data for October.