The Swiss stock market is showing mild gains in mid-day trading on Friday, stabilizing after a sell-off the previous day left it at a new low for the year.
Economic concerns and the impact of a strong franc helped spur Thursday's decline. Data from the U.S. will help drive trading during the afternoon.
After extending its annual low early in the day, the benchmark SMI is higher by 0.07 percent in mid-day trading, sitting at 5,995.22. The SLI is up by 0.21 percent at 930.78. The SPI is up by 0.09 percent at 5,516.11.
Luxury goods stocks Swatch and Richemont are showing gains on the day, with advances of 2.6 percent and 1.7 percent, respectively. Though an executive at Swatch told a newspaper that the strong franc is causing them a "stomach ache," bargain hunters sent shares higher.
A recovery in oil prices is helping shares of Weatherford and Transocean, which are up by 1.6 percent and 0.7 percent, respectively.
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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.