The Swiss stock market finished slightly higher on Friday. Shares were able to stabilize following a sharp sell-off during the previous session, though a strong franc created a headwind for the market.
After setting a new annual low early in the session, the benchmark SMI finished the day higher by 0.12 percent to close at 5,998.02. The index lost 2.4 percent for the week as a whole. The SLI ticked up 0.02 percent to 929.1. The SPI advanced 0.07 percent to end at 5,514.85.
Luxury goods makers Swatch and Richemont were higher on the day, with gains of 1.7 percent and 1.2 percent, respectively. A Swatch executive told a newspaper that the company's figures were "phenomenal" though the strong franc is causing a "stomach ache."
Weatherford and Transocean were also among the day's notable gainers. The stocks were helped by the sharp recovery in oil prices after a decline the previous day.
Banking stocks were generally weak. CS declined 1.3 percent and UBS posted a modest decline.
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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.