Swiss SMI Closes Nearly Flat at 12,008.94 as Investors Weigh Inflation Data, ECB and U.S. Jobs Ahead

Switzerland's benchmark SMI ended up 1.90 points, or 0.02%, at 12,008.94 on Tuesday, after a session that swung from an early low of 11,967.50 to a high of 12,064.99 before fading in the final hour. Investors digested Swiss inflation data and positioned ahead of the European Central Bank's policy announcement and U.S. jobs figures due later in the week. Consumer prices rose 1.4% year-over-year in May, matching April's pace, while monthly prices advanced 0.3% and core annual inflation stood at 1.2%. Lonza Group and Roche Holding gained 1.55% and 1.41%, with Nestle, Givaudan, Sonova, VAT Group and Kuehne & Nagel up 0.7% to 1.2%. UBS Group fell 2.25%, SIG Group lost 2.17%, Swiss Re dropped 1.76%, and ams OSRAM slid 3.8%. The Swiss National Bank expects overall inflation of 1.4% this year and 1.2% in 2025.