The Swiss stock market finished solidly to the downside on Wednesday, along with the rest of Europe. The sharp decline reversed the gains from the previous two trading days. Concerns over the situation in Greece were the driving force behind the market's weakness.
Former Greek minister president Lucas Papademos commented on his country's preparations for a withdrawal from the euro, but later qualified his statements in a television interview. Investors will be watching closely for any developments that come from today's meeting between European leaders in Brussels.
The Swiss Market Index declined by 1.56 percent Wednesday and finished at 5,817.91. The Swiss Leader Index fell by 1.84 percent and the Swiss Performance Index lost 1.53 percent.
Shares of luxury goods companies Swatch and Richemont were weak Wednesday. a day ahead of the publication of watch exports. Swatch declined by 4.8 percent and Richemont dropped by 4.2 percent.
Financial stocks were also among the decliners on Wednesday. Credit Suisse decreased by 2.3 percent and UBS lost 1.3 percent. Shares of Julius Baer dropped by 2.7 percent.
For comments and feedback contact: editorial@rttnews.com
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.