Markets Swiss stock market continues to bet on Trump
The Swiss stock market continued the gains of recent days on Wednesday. The SMI closed in positive territory for the 12th time this year and above the 12,200 mark for the first time since October 2024.
22.01.2025, 18:30
SDA
The reason for this was the perceived "mood 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 percent higher at 12,207.89 points. Other European indices such as the DAX in Frankfurt (+1.0 percent) and the CAC 40 in Paris (+0.9 percent) also rose. In the USA, the Dow Jones was up in the early evening (+0.3 percent).
ABB (+3.7 per cent) led the blue chips, benefiting from Trump's plans to speed up the approval process for oil, gas and electricity projects.
Pharmaceutical heavyweights provide support
The SMI heavyweights Roche (+1.3 percent) and Novartis (+0.4 percent), which will present their annual figures next week, were also driven by market sentiment.
"AI fantasy" brought the chip supplier VAT a price increase of 2.0%. The previous evening, Trump had announced a USD 500 billion project for AI infrastructure.
Finally, investors also invested in the crisis-proof currency gold. In the early evening, the value of gold exceeded the CHF 2,500 mark, reaching a new all-time high. Specifically, the gold price stood at 2504.28 francs.
