Swiss stock market continues to bet on Trump

The Swiss stock market continued the gains of recent days on Wednesday. The Swiss Market Index (SMI) closed in positive territory for the 12th time this year and above the 12,200 mark for the first time since October 2024. + Get the most important news from Switzerland in your inbox The reason for this was the perceived “spirit of optimism” in the US, according to the market. In recent weeks, there have been increasing signs that the economic strengths in the US clearly outweigh the weaknesses. Moreover, the risks have already been priced in, said one market observer. The SMI closed 0.80% higher at 12,207.89 points. Other European indices such as the DAX in Frankfurt (+1.0%) and the CAC 40 in Paris (+0.9%) also rose. In the US, the Dow Jones was up in the early evening (+0.3%). + Swiss health minister criticises Trump's exit from WHO Swiss engineering firm ABB (+3.7%) led the blue chips, benefiting from Trump’s plans to speed up the approval process for oil, gas and electricity ...