The performance of the Swiss Market Index (SMI) has been mixed, with some companies experiencing declines in their shares while others are seeing increased demand.

Richemont, Swatch Group, and UBS have all seen notable declines, while Lonza and Givaudan are performing well.

The US dollar has strengthened against the Swiss franc, trading at CHF 0.8827. The euro has also depreciated against the dollar, currently at 1.0502, while the euro/franc exchange rate remains stable at 0.9270.

Traders are anticipating potential volatility in the market due to upcoming US price figures. Investors are closely watching for interest rate decisions from the Swiss National Bank (SNB) and the European Central Bank (ECB) on Thursday, followed by the Federal Reserve's meeting next week. There is speculation that both the SNB and ECB may cut rates by 25 basis points, although larger cuts have not been ruled out.