SMI closes 1.1 percent higher as oil eases
Published on 10/09/2026 at 21:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- SMI closed at 13,787 points on October 9, 2026, gaining 1.1 percent.
- Easing oil prices and geopolitical tensions supported the rebound after Thursday's selloff.
- UBS rose 2.8 percent, while Logitech fell 2.5 percent.
- The preliminary US Michigan sentiment index fell to 46.3, below the 47.8 consensus forecast.
- US September CPI is scheduled for October 14, 2026, at 8:30 a.m. ET.
The SMI closed at 13,787 points on October 9, 2026, gaining 1.1 percent as easing oil prices and geopolitical tensions supported a broad European rebound, according to RTTNews via finanzen.ch. The index traded between 13,724 and 13,811 points during the session.
Broad gains led by UBS and Sonova
Nineteen of the 20 SMI constituents rose. UBS gained 2.8 percent, while Sonova advanced 3.6 percent and Sika rose 1.7 percent, according to dpa-AFX via finanznachrichten.de. Logitech fell 2.5 percent and Swisscom lost 2.3 percent.
The rebound followed Thursday's 1.2 percent decline, when higher oil prices and bond yields pressured Swiss equities, Swissquote reported. Oil prices eased after US President Donald Trump said the United States would not attack Iran before the midterm elections and described discussions with Tehran as productive, according to NDTV Profit.
US sentiment points to weaker demand
The preliminary University of Michigan consumer sentiment index fell to 46.3 in October from 48.1 in September, below the 47.8 Reuters consensus forecast. One-year inflation expectations rose to 4.7 percent from 4.6 percent, according to Reuters.
What comes next
The next major scheduled market event is the US September Consumer Price Index release on Wednesday, October 14, 2026, at 8:30 a.m. ET, according to the US Bureau of Labor Statistics.
