Swiss stocks edged slightly higher on Wednesday, as a rally in the last hour drove the SMI Index to its best levels of the day.
Markets around Europe were relaxed ahead of key talks among European Union members, even though German Chancellor Angela Merkel said her country would refuse any efforts to introduce eurobonds.
The SMI stock market barometer closed higher by 0.65 percent to 5,996. 53 points, after touching a high of 6,005.36. The Swiss Leader Index (SLI) gained 0.88 percent to 888.98 and the broad Swiss Performance Index (SPI) rose 0.66 percent to 5,564.79.
Adecco shares jumped 5.7 percent on a broker upgrade. Defensive stocks rose, led by Swisscom. Roche was up fractionally, while Nestle was little changed.
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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.