After staying fairly well above the flat line till about an hour past noon, the Switzerland market briefly fell into negative territory on Wednesday but recovered swiftly and held firm to eventually end the day's session on a strong note.
The mood in the market remained fairly positive despite Middle East tensions, and fears of possible rate hikes by the Federal Reserve in the foreseeable future.
The benchmark SMI, which dropped to 13,312.39 mid way through the session, ended with a gain of 107.02 points or 0.8% at 13,463.33, slightly off the day's high.
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Market Analysis
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.