FTSE 100 and Swiss markets face volatility amid consumer weakness

European equity markets showed mixed performance as the FTSE 100 in London extended its losing streak to six sessions, closing down 0.3% at 10,720.30. The decline was driven by weakness in consumer-facing sectors, including personal goods and groceries, amid geopolitical uncertainty in the Middle East and rising oil prices. Investors are awaiting upcoming UK labor market and inflation data to gauge future Bank of England policy.

In Switzerland, the SMI and SPI indices experienced fluctuations. The SPI saw a midday decline of 0.32%, while Swisscom shares faced pressure, dropping 0.94% to 633.00 CHF. Despite short-term volatility, some Swiss indices showed signs of stabilization following previous profit-taking.

In the UK, mining stocks such as Anglo American and Rio Tinto helped mitigate broader market losses, while sectors like retail and consumer goods weighed heavily on the index.