The Swiss stock market is notably lower in mid-day trading on Friday. Share plunged in early trading, and while they are off their lows, the market still remains firmly in the red.
The debt squabbles in the U.S. helped stir negative sentiment at the start of trading. Negotiations between the president and Congress over raising the debt ceiling have stalled, with a possible credit rating downgrade hanging over the country.
Meanwhile, traders are nervous ahead of results of the recent stress tests of European banks.
The benchmark SMI index is down 0.68 percent in mid-day trading, falling to 5,940.53. The SLI is down 0.92 percent to 916.65. The SPI is lower by 0.69 percent to 5,457.48.
Financial stocks are generally under pressure, hurt by negative comments from Barclays. UBS is down by 1.4 percent and Credit Suisse is lower by 1.2 percent.
SGS is down sharply, falling by 6.0 percent. The retreat comes after the company revealed disappointing earnings results.
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.