Swiss Market Index volatility and Middle East tensions

Overview

The Swiss Market Index (SMI) has experienced volatility driven by geopolitical tensions in the Middle East and fluctuating oil prices.

On September 23, the SMI closed lower at 13,921.72 points, a 0.23% decrease. Market sentiment turned cautious following reports of a vessel under fire in the Strait of Hormuz and rebounding oil prices. During this period, UBS saw declines following decisions regarding stricter capital requirements for systemically important banks.

By September 25, the SMI rose by 0.54% as oil prices eased. This shift followed reports that Iran proposed a plan to the US to reopen the Strait of Hormuz under specific conditions. Despite these gains, market volatility persists due to rising interest rate concerns and increasing global bond yields.

Entities

SIX Swiss Exchange · Abbas Araghtschi · UBS Group AG · Logitech · Sika AG

Timeline

1 day ago

[BUSINESS] 4 sources
Swiss Market Index and DAX rise amid oil price shifts
The Swiss SMI and German DAX rose amid easing oil prices and geopolitical developments regarding the Strait of Hormuz, despite rising global bond yields and interest rate concerns.
4 days ago

[BUSINESS] 7 sources
Swiss Market Index closes lower amid rising oil prices
The Swiss Market Index (SMI) closed down 0.23% at 13,921.72 points, pressured by rising oil prices and geopolitical uncertainty, despite gains from Logitech and Tecan.

Sources

ad-hoc-news.de · cash.ch · finanzen.at · finanzen.ch · finanzen.net · finanznachrichten.de · it-boltwise.de · moneycab.com · tradingview.com