The Swiss stock market got off to a weak start Thursday, due to the sharp decline in Japan and the rest of the Asian markets. Another factor that contributed to the early weakness was the lowered growth forecast from The World Bank for the global economy.
However, the market trimmed its early losses in the afternoon after the release of some positive economic data from the U.S. The better than expected retail sales data and the larger than expected decrease in jobless claims provided a boost to investor sentiment.
The Swiss Market Index declined by 0.38 percent Thursday and finished at 7,627.53. The Swiss Leader Index fell by 0.31 percent and the Swiss Performance Index lost 0.37 percent.
Cyclicals turned in a weak performance Thursday. Lonza was one of the largest decliners, with a loss of 2.7 percent. Swatch declined by 1.7 percent and Richemont fell by 0.9 percent. Sulzer and Sonova both lost 1.0 percent and Holcim dropped by 0.9 percent.
The index heavyweights also finished the session with modest declines. Roche decreased by 0.7 percent and Novartis fell by 0.3 percent. Nestle also closed lower by 0.6 percent.
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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.