Swiss stocks are higher in mid-day trading on Wednesday, bouncing back from sharp losses posted the previous day.
Concerns about the debt situation in Europe and weak economic news out of the U.S. left the market lower by more than 1 percent on Tuesday. Lingering debt worries continue to plague traders, but strong signs from overseas helped fuel an early rebound.
There is little news to drive trading, and no key economic data from the U.S. to spark renewed interest in the afternoon. The Federal Reserve will announce the minutes to its last interest rate decision later today, but not until after the end of trading.
The benchmark SMI is higher by 0.5 percent in mid-day trading, rising to 6,526.52. The SLI is up 0.5 percent to 1,018.90 and the SPI is up 0.5 percent to 6,007.01.
Logitech is down 0.9 percent following a cautious outlook delivered by Hewlett Packard. Also, Logitech is scheduled to be dropped from the MSCI Global Standard Index. This is counteracted somewhat by unexpectedly strong results out of Dell.
Meanwhile, financial stocks are showing some gains. UBS is up by 0.7 percent, while Julius Baer is climbing 0.8 percent.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.