The Switzerland stock market closed on a firm note on Thursday despite lingering concerns about Middle East tensions, and data showing a sharp drop in Swiss industrial production in the first quarter.
The benchmark SMI, which slipped into the red about an hour past noon and stayed weak for the next few hours, emerged above the flat line thereafter to eventually settle with a gain of 47.14 points or 0.35% at 13,446.43.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.