The Swiss stock market is currently experiencing positive momentum, with Richemont and UBS seeing increased demand. Swiss Life has managed to stay above its daily low, indicating resilience in the market.

Investor optimism is driven by expectations of further interest rate reductions in the USA and the eurozone, a sentiment that has been building for months. The Dax's performance has also been boosted by strong results from Wall Street, where the S&P 500 and Nasdaq composite achieved new closing records on Monday. According to Jochen Stanzl from CMC Markets, the upward trend in US stock markets has created a pull effect that the Dax is benefiting from.

The Dax has reached a new record high, starting trading just below the significant 20,000-point threshold. This positive momentum in the Swiss stock market is reflected in the increased demand for Richemont and UBS. Additionally, Swiss Life has shown resilience by staying above its daily low. Investor optimism is fueled by expectations of interest rate reductions in the USA and the eurozone. The strong performance of the S&P 500 and Nasdaq composite on Wall Street has also contributed to the upward trend in the Dax.