The Swiss stock market finished Wednesday's trading session with a strong gain. The market got off to a good start this morning and extended its gains in the afternoon. The additional boost in the afternoon was attributed to the better than expected economic news from the U.S. The U.S. construction number and the ISM index result were viewed positively.
The strong opening was attributed to rumors that Greece has reached an agreement with private creditors on a debt reduction. Further positive news came from Portugal, which reported that it has successfully refinanced its money market.
The Swiss Market Index rose by 91 points Wednesday and closed at 6,069, an increase of 1.67% for the day. The Swiss Leader Index climbed by 2.13% and the Swiss Performance Index finished higher by 1.51%.
Cyclicals and financial stocks were among the best performers during Wednesday's session. Adecco was the standout among the cyclicals, with a gain of 6.8%. Logitech rose by 5.0%, Swatch increased by 4.8%, Clariant climbed by 4.5% and Holcim finished up by 3.2%.
Among the financial stocks, Credit Suisse led the way with a gain of 4.5%. UBS rose by 3.4% and Julius Baer increased by 2.5%. Swiss Life climbed by 3.1% and Swiss Re by 3.0%.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.