Swiss Market Ends Moderately Lower

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.