Swiss SMI closes higher on lower yields, oil after Fed hike
The SMI ended higher after holding positive throughout the session, with oil prices and bond yields falling following the Federal Reserve rate hike and hopes Switzerland’s central bank will rein in inflation.
The Switzerland market's benchmark SMI finished higher on Thursday and remained in positive territory throughout the session. Oil prices and bond yields fell after the Federal Reserve raised rates, while hopes rose that the central bank will try to rein in inflation.