The SMI closed higher today due to gains in Lonza, while oil prices declined.
The S&P 500 reached a new record, reflecting positive market sentiment.
UBS shares have been on an upward trend, rising nearly 15 percent since September 10, despite not achieving above-average gains this year. This increase is attributed to expectations of an interest rate cut, which is fostering optimism among investors, along with hopes for a soft landing for the US economy. Recent strong results from US competitors in investment banking have further supported this trend, leading some traders to speculate that similar performance could be expected from UBS in its upcoming interim report, set to be published in over two weeks.