The Swiss stock market ended the final trading day of 2016 with a small loss. The market got off to a weak start Friday and slipped beneath 8,200 points. The market staged a bit of a recovery in the afternoon and briefly broke through into positive territory, before slipping back into the red.
Trading activity remained rather subdued ahead of the upcoming New Year’s holiday. Markets in Germany and the U.K. closed early Friday. Investors have already shifted their focus to 2017. Donald Trump will be inaugurated as the new President of the United States in January and upcoming elections in Germany and France will be closely watched.
The Swiss Market Index decreased 0.38 percent Friday and finished at 8,219.87. The SMI ended the trading week with an overall loss of 0.2 percent and finished the year with a loss of 6.8 percent. The Swiss Leader Index fell 0.31…