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News
Trade war and slumping stock markets
The trade conflict instigated by Donald Trump has led to sharp falls on the international stock markets – including in Switzerland. This development has meant that most of the stock market gains of the last 12 months have been lost again.
Market commentary 2rd quarter 2025
Since the beginning of the year, market breadth has increased noticeably both regionally and at index level – a sign of broader participation in the upswing. The dominance of the large US technology companies thus appears to have been broken.
Market commentary 1st quarter 2025
2024 will go down in the history books as an above-average year for equities. Much will depend on political decisions next year, not only on the new US government but also on the reactions of Europe and China.