The Switzerland market shrugged off a slightly weak start and climbed higher on Wednesday after soft inflation data from the U.S. raised hopes the Federal Reserve will reduce interest rate a couple of times this year.
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Swiss stocks turned in a weak performance on Tuesday as concerns about the outlook for Federal Reserve's interest rates weighed on sentiment. Data on U.S. personal income and spending, which includes readings on inflation said to be preferred by Fed, due later in the week is in focus for clues about the outlook for interest rates.
After moving along the flat line till about an hour before noon, the Switzerland market drifted lower as the session progressed and finally ended on a very weak note on Tuesday.