Swiss stocks are showing weakness in mid-day trading on Monday. The market attempted some early gains, but has lost ground steadily through the morning. Worries about the debt crisis in Europe and news of the arrest of the head of the IMF have weighed on stocks.
The benchmark SMI is lower by 0.65 percent in mid-day trading, slipping to 6,520.63. The SLI is down 0.8 percent to 1,020.15. The SPI is down 0.6 percent to 6,007.79.
The market closed out last week with gains. Stocks were higher on Friday, capping a positive few days for the Swiss market. However, renewed concern about debt and the economy, intensified by uncertainty surrounding the arrest of the IMF chief on charges of rape, has sparked profit taking on Monday morning.
With traders worried about the debt situation in Europe, financial stocks have been hard hit so far on Monday. CS is down 2 percent and UBS is showing a 1.5-percent decline.
Cyclical stocks are also among the leaders to the downside, hurt by worries about the economy. Clariant is down 2.4 percent, Logitech is lower by 1.8 percent and Richemont is posting a 1.4-percent retreat.
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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.