The Swiss stock market is currently consolidating recent gains, although chip stocks are under pressure. The reporting season is gradually gaining momentum, and the oil price is providing some relief amidst geopolitical tensions.

Recent news suggests that Israel has no plans to attack Iran's oil infrastructure, resulting in a significant reduction in the oil price's risk premium, which is now two-thirds lower than before. While the immediate threat from the oil price has diminished, ongoing geopolitical risks could lead to increased market volatility.

In the United States, major banks such as Goldman Sachs, Citigroup, and Bank of America are set to release key financial figures, which could impact market sentiment. Additionally, Germany's reporting season is expected to pick up on Thursday, with four blue-chip companies announcing their results.