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European Commentary

Swiss Stocks Edge Higher

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The Swiss stock market edged higher on Tuesday, bouncing back after some recent weakness.

The day was marked by continuing uncertainty about Spain and Italy, with worries that the general euro-zone debt crisis will once again flare up. Bond auctions in Spain and Italy took place at high interest rates.

The benchmark SMI showed a loss earlier in the day, but managed to close 0.22 percent higher at 5,941.82. The SLI ticked down 0.05 percent to 881.19. The SPI advanced 0.11 percent to 5,528.14.

Adecco was one of the notable gainers on the session, rising by 3 percent. The temporary employment agency has launched a share buyback program of up to 400 million euros.

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