Historical day on the stock exchange – SMI breaks the 10,000 mark – News



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Historical day on the stock exchange – The SMI crosses 10,000 points – News – SRF





















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  • For the first time in its history, the SMI, the benchmark index of the Swiss stock exchange, has exceeded 10,000 points.
  • In the afternoon, the index is up 1.57%, up 10 & 006.
  • The hopes of interest rate cuts by central banks in the United States and Europe are boosting the Swiss and global stock markets.

The head of the ECB, Mario Draghi, announced to the markets, with his opening speech at a conference of the central bank in Portugal, new fantasies of interest rates. He added that if the economic outlook did not improve, additional stimulus was needed. Further reductions in interest rates and additional purchases of bonds are possible: they were part of the ECB tool kit. This should have triggered the fireworks.

SMI on the road to success

As of this year, the SMI index has risen by almost 19% and has outperformed other reputable indices, such as the Dow Jones Industrial World Index or the German Index. DAX, which increased by 13% and 17% respectively.

The most respected Swiss stock market index started on June 30, 1998 with an initial level of 1500 points and was initially composed of 24 stocks. Later, it was expanded to 30 titles and reduced to 20 shares in 2007.

AWP / SDA / Morr;



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