After staying weak till well past noon, the Switzerland market briefly edged up into positive territory but retreated and stayed weak thereafter to eventually close on a weak note on Monday.
Worries about tensions in the Middle East, concerns about possible interest rate hikes by some central banks, including the Federal Reserve, rendered the mood cautious.
The benchmark SMI, which dropped to 13,265.50 around mid-morning, recovered to 13,401.53 but drifted down and settled at 13,320.99, down 67.24 points or 0.5% from previous close.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.