(RTTNews) - Swiss stocks closed weak on Tuesday after languishing in negative territory right through the day's session, tracking the trend in European markets. Uncertainty about the outlook for Fed and ECB interest rates weighed on the market. The benchmark SMI ended down 38.59 points or 0.32% at 12,011.02. The index touched a low of 11,920.09 and a high of 12,015.14. Swiss Re ended down nearly 4%. Logitech International ended lower by nearly 2.5%. Logitech announced that the company's Chairperson Wendy Becker will not stand for reelection at the firm's 2025 annual general meeting. Holcim drifted down 1.83%, while Swiss Life Holding, Zurich Insurance Group and ABB lost 1.34%, 1.24%, and 1.19%, respectively.
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