Trading Swiss stock market on course for recovery at the start of the week
The Swiss stock market made significant gains at the start of the week. Traders pointed to an easing of the US customs dispute, which triggered a countermovement.
14.04.2025, 09:47
14.04.2025, 18:17
SDA
The SMI closed 2.3 percent higher at 11,499.46 points on Monday, ultimately failing to reach the 11,500-point mark after reaching a daily high of 11,553 points. The broad SPI also rose by 2.3 percent to 15,452.75 points. The stock exchanges in London, Frankfurt and Paris recovered to a similar extent.
Technology stocks led the field of winners at the start of the week in Switzerland, recovering from their recent losses thanks to the US government's at least temporary suspension of special tariffs on smartphones and computers. Financial stocks and pharmaceutical heavyweights Roche and Novartis were also up.
Following the crash on the Swiss stock exchange the week before last, there were sharp ups and downs last week. On Thursday, the leading SMI index rose again significantly and closed more or less unchanged on Friday.
Trust squandered
Trump may be rowing back, but confidence has been squandered, commented one analyst on Monday: "The recovery is on shaky ground; US President Trump could send the markets south again at any time with one statement."
This week could be quieter for the time being - also because it is shortened by one trading day due to the upcoming Easter holidays. The ECB interest rate decision on Thursday and some important economic figures over the course of the week could provide impetus.
