After opening flat and then edging higher slowly till about a couple of hours past noon, Swiss stocks climbed up sharply on Friday as buying gathered momentum after Iran declared the Strait of Hormuz completely open to commercial traffic.
Iran's foreign minister said that in light of the ceasefire that has halted fighting between Israel and Hezbollah militants in Lebanon, "passage for all commercial vessels through Strait of Hormuz is declared completely open," via a designated route through the vital shipping lane.
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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.