The Swiss stock market bounced back from yesterday's sharp decline on Thursday and finished in the green. The market began the session in negative territory, following several weaker than expected economic reports from Europe. The market managed to turn around as the session progressed, helped in part by some positive economic results from the U.S.
The leaders of the EU expressed their desires for Greece to remain in the Eurozone at the summit held in Brussels on Wednesday. Tuesday's sharp sell-off across Europe was sparked by concerns that Greece would exit the Eurozone. Greece is scheduled to hold a second round of elections on June 17th to form a new government.
The Swiss Market Index rose by 0.59 percent on Thursday and closed at 5,852.44. The Swiss Leader Index increased by 0.78 percent and the Swiss Performance Index gained 0.56 percent.
Financial stocks were among the best performers during Thursday's session. USB climbed by 2.2 percent and Credit Suisse gained 1.8 percent. Julius Baer finished with an increase of 1.9 percent.
Novartis and Roche provided support to the index, with gains of 0.9 percent and 0.3 percent respectively. Shares of Kuehne + Nagel climbed by 2.5 percent and SGS closed higher by 2.3 percent.
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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.