After spending a few minutes in positive territory at the start, Switzerland's benchmark index SMI slipped into the red and remained weak right through the trading session on Wednesday, as investors weighed the situation in the Middle East, and awaited policy announcements from major central banks, including the Federal Reserve.
The SMI, which advanced to 13,205.44 in early trades, dropped to a low of 13,004.15 intraday before settling at 13,031.90, losing 116.04 points or 0.88%.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.