Business · Markets · 12 hrs ago
Swiss SMI rises as lower oil prices lift market mood
Switzerland’s main share index, the SMI, rose 0.6% on Monday to 13,863 points.
The broader Swiss market also gained, as investors responded to positive signals from the United States and a slight easing in bond markets.
Hopes that Russia and Ukraine would pause attacks on energy facilities helped push oil prices slightly lower, supporting European shares.
But the details of the proposed pause were unclear, and tensions in the Middle East continued to pose risks to oil and shipping costs.
Roche and Novartis helped support the SMI, while Belimo rose after an analyst reaffirmed its buy recommendation and raised its price target.
Investors are now looking ahead to the start of third-quarter earnings, including results from Swiss companies such as Givaudan, Lonza and VAT.
The article gives no further details on when those results will be released.
The Swiss SMI rose 0.6% to 13,863 points on Monday.
Lower oil prices supported market sentiment across Europe.
Brent and US WTI crude each fell about 0.5% to $104.25 and $91.23 a barrel.
Roche and Novartis helped support the Swiss market, rising 1% and 0.7%, respectively.
Investors were also looking ahead to the start of third-quarter earnings season in the coming days.
- Who
- The Swiss Market Index (SMI) and other European markets.
- What
- The SMI rose 0.6% as lower oil prices lifted market sentiment.
- When
- Monday, 12 October 2026.
- Where
- Switzerland and European markets.
- Why
- Hopes for a halt to attacks on energy facilities in the Ukraine war pushed oil prices slightly lower.
This story does not have two clearly opposing sides.
US President Donald Trump announced an immediate “energy ceasefire” between Russia and Ukraine.
Brent and WTI crude prices fell about 0.5% as hopes of a halt to attacks on energy facilities weighed on oil.
The SMI rose 0.6% to 13,863 points.
- SMI
- Up 0.6% to 13,863 points
- Brent crude
- Down about 0.5% to $104.25 a barrel
- US WTI crude
- Down about 0.5% to $91.23 a barrel
- Roche
- Up 1%
- Novartis
- Up 0.7%
What people are saying
Selbst wenn eine Waffenruhe zwischen Russland und der Ukraine sowie Ausnahmeregelungen für russischen Diesel den Druck auf verfeinerte Produkte lindern: Angriffe auf Riad und Kämpfe rund um Bab al-Mandab bergen ein Aufwärtsrisiko für die Öl- und Frachtkosten. Hinzu kommen anhaltende Störungen in der Strasse von Hormus
Sources
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