Swiss Market Showing Mild Losses

The Swiss stock market is showing slight weakness in mid-day trading on Wednesday.

Shares rose the previous day, bouncing back from losses seen last week. The positive sentiment could not carry over into Wednesday's early trading however, amid worries about the debt crisis in Europe.

Euro finance ministers met on Tuesday evening without reaching a result. This underlined the difficulty in figuring out a solution to the debt situation facing the euro-zone.

The benchmark SMI is down 0.24 percent in mid-day trading to 6,240.45. The SLI is down 0.34 percent at 968.73. The SPI is down 0.28 percent to 5,732.09.

The U.S. will be in focus during the afternoon. Several reports are due out about the world's largest economy. This includes information about consumer prices and about industrial production. A key regional manufacturing survey is also set to be released.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com