Swiss Market Rebounds Amid KI, Oil and Fed Uncertainty

The Swiss market opened strongly on Monday, with the Swiss Market Index (SMI) rising 0.7% to 13,873 points, partially reversing losses of over 4% from the prior week. The rebound was driven primarily by gains in defensive sectors, particularly pharmaceuticals, as investors sought stability amid ongoing uncertainties around artificial intelligence, oil prices, and the Federal Reserve’s monetary policy decision. The broader Swiss Performance Index (SPI) climbed 0.5% to 19,555, while the mid-cap index SMIM fell 0.1% to 3,032 points, reflecting a broader divergence between large-cap and smaller-cap stocks.