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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.