Swiss stock market continues to shake off customs shock

In the US in particular, hopes for earlier and stronger interest rate cuts by the US Federal Reserve are growing after last Friday's weak labor market report, said one trader. The market is currently fully pricing in a cut of 25 basis points in September, although a larger move of 50 basis points cannot be ruled out. "We are obviously in a situation where investors see the glass as half full," added a trader.

The stock markets in Europe, for example in London, Paris and Frankfurt, were generally friendly on Tuesday and were up slightly in the morning. They benefited from increasing expectations of interest rate cuts in the US and hopes for final trade rounds with Donald Trump shortly before the punitive tariffs come into force, according to reports.

The Asian stock exchanges had previously closed on a positive note and followed the global trend. The Tokyo stock exchange closed 0.6 percent higher. On the Chinese mainland, Shenzhen rose by 0.6 percent and Shanghai by 1.0 percent.