Swiss stocks are showing weakness in mid-day trading on Monday. The market attempted some early gains, but has lost ground steadily through the morning. Worries about the debt crisis in Europe and news of the arrest of the head of the IMF have weighed on stocks.
The benchmark SMI is lower by 0.65 percent in mid-day trading, slipping to 6,520.63. The SLI is down 0.8 percent to 1,020.15. The SPI is down 0.6 percent to 6,007.79.
The market closed out last week with gains. Stocks were higher on Friday, capping a positive few days for the Swiss market. However, renewed concern about debt and the economy, intensified by uncertainty surrounding the arrest of the IMF chief on charges of rape, has sparked profit taking on Monday morning.
With traders worried about the debt situation in Europe, financial stocks have been hard hit so far on Monday. CS is down 2 percent and UBS is showing a 1.5-percent decline.
Cyclical stocks are also among the leaders to the downside, hurt by worries about the economy. Clariant is down 2.4 percent, Logitech is lower by 1.8 percent and Richemont is posting a 1.4-percent retreat.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.