The Swiss stock market finished to the downside Thursday. The market began the trading session with gains, but the weaker than expected Eurozone economic confidence result and the U.S. jobless claims result dragged the market lower.
Corporate earnings from the U.S. have been driving the markets in the last few days, but the results reported on Thursday were mixed. The better than expected U.S. pending home sales result in the afternoon provided some relief and helped the market to pare some of its early losses.
The Swiss Market Index fell by 0.46 percent Thursday and closed at 6,122.41. The Swiss Leader Index lost 0.33 percent and the Swiss Performance Index dropped by 0.24 percent.
Financial stocks were weak on Thursday. Credit Suisse fell by 3.8 percent, following Wednesday's loss of 2.5 percent after its quarterly report. Shares of UBS dipped by 0.5 percent, but Julius Baer closed higher by 0.8 percent.
Shares of Logitech surged by 17.0 percent after the company's better than expected earnings report. Geberit also reported stronger than expected quarterly results and climbed by 0.9 percent.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.