Markets Swiss stock market closes up - Swiss franc increasingly strong
The Swiss stock market made strong gains on Thursday. However, it was unable to maintain the gains made in early trading.
10.04.2025, 17:35
10.04.2025, 18:18
SDA
The reason for the price gains was the customs pause announced by the USA the previous evening. The leading SMI index closed 3.28 percent higher at 11,244.59 points after reaching a high for the day of 11,807 points.
A daily gain of currently 3.3 percent looks good, but is probably only a tentative attempt at recovery after the massive slump in the SMI following the announcement of the US tariffs last week, said one trader.
The fact that the gains melted away over the course of the day also had to do with a negative US opening. The euphoria of the previous evening evaporated there.
Uncertainty remains
The 90-day pause offers some room for negotiation, but the basic tariff of 10 percent remains in force and China now faces a massive tariff of 125 percent, according to the market. The base tariff scenario of 10 percent alone could significantly reduce US economic growth.
The unpredictable US tariff policy is also likely to continue to shake up the markets and cause enormous uncertainty, said one trader. A lot of china has been smashed in recent weeks.
Swiss franc gains ground
The extent of the uncertainty on the markets was also evident in the foreign exchange markets. The Swiss franc, which is in demand as a "safe haven" in uncertain times, gained significantly in value.
One dollar currently costs less than CHF 0.83 - a multi-year low. The euro/franc exchange rate is also on the decline and has slipped below the 0.93 mark.
