Business · Markets · 2 hrs ago

Swiss SMI rises 1.01% as oil prices fall sharply

Swiss SMI rises 1.01% as oil prices fall sharply

The Swiss stock market opened the week higher on Monday, with its main index, the SMI, gaining 150 points.

The index rose 1.01% to 14,946 points.

Roche, one of the SMI’s largest companies, was among the most sought-after shares, rising 2.77%.

Brent crude fell nearly 6% to $92.57 a barrel, helping lift market sentiment.

Brent is a benchmark for oil prices, so a sharp fall can affect expectations for energy costs.

The information given does not say what investors or the market expect next.

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