Business · Markets · 2 hrs ago
Swiss stocks seen higher as markets await US inflation data
Swiss shares were expected to rise at the start of the week, with the main Swiss Market Index forecast to gain 0.6%.
European markets were also expected to open higher, while most Asian markets changed little.
Investors were cautious ahead of US inflation figures due later in the week, which could offer clues about the Federal Reserve’s next interest-rate decision.
Gold edged up as the US dollar weakened and oil prices fell.
Oil prices dropped after US President Donald Trump announced an energy ceasefire between Russia and Ukraine and said Russian diesel supplies would resume.
Ukrainian President Volodymyr Zelenskyy said he was still waiting for details of the agreement.
Markets will watch for those details and the US inflation data, which could shape expectations for interest rates and energy supplies.
Swiss stocks were expected to open the week higher, with the SMI indicated up 0.6%.
Investors were cautious ahead of important US inflation data due later in the week.
The data could offer clues about the US Federal Reserve’s next interest-rate decision.
European stock futures also pointed higher, while Asian markets were largely flat.
Gold rose as the US dollar weakened and oil prices fell.
- Who
- Swiss stock market investors and traders.
- What
- The SMI was indicated 0.6% higher before the market opened.
- When
- Monday, October 12, 2026.
- Where
- Switzerland.
- Why
- Investors were awaiting important US inflation data due later in the week.
This story does not have two clearly opposing sides.
Lower oil prices due to the energy ceasefire between Russia and Ukraine announced by Trump, together with a subdued dollar, gave gold upside potential at the start of the week.
When the oil price falls, it takes some of the immediate inflation and interest-rate fears out of the market. That helps gold from a yield perspective.
Overall, the wider spreads suggest investors are asking whether AI revenues can keep pace with rising borrowing costs.
US President Donald Trump announced an energy ceasefire between Russia and Ukraine, which he said would take effect immediately.
The SMI was indicated 0.6% higher before the Swiss market opened.
Investors were awaiting important US inflation data for clues about the Fed’s next interest-rate decision.
- SMI indication
- Up 0.6% at 13,872 points
- US inflation data
- Expected later in the week
- European Stoxx 600 futures
- Up 0.4%
- German DAX forecast
- Up 0.6%
Sources
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