Swiss Stocks Sag Along With Neighbors

(RTTNews) - Swiss stocks followed other European markets lower Wednesday amid concerns that US central bankers are seriously weighing a rate hike.

The Swiss market has turned south this week after recent two-month highs.

At last check, the Swiss Market Index was down 66 points, or 0.76 percent, to 8,153.

18 of 20 components from the SMI Index were lower on the day.

Traders were cautious ahead of the minutes of the most recent Federal Reserve meeting.

Analysts expect the minutes to reveal some discussion of when to raise interest rates.

In corporate news, Meyer Burger returned to profitability in the first six months of 2016 as net sales rose sharply.

Hochdorf Holding lowered its forecast for annual turnover.