The Swiss stock market suffered a late slump to wipe out early gains, stretching its losing streak to four sessions.
The market tracked most of the other major European markets which saw early strength by stumbled late.
The SMI has now given up almost 100 points or 0.8 percent in that span.
The early support for the markets was largely fueled by banks on optimism over the outlook for interest rates moving forward into 2026 - although comments from Chicago Federal Reserve President Austan Goolsbee threw water on those hopes.
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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.