The Swiss stock market started the day with a slight decrease, as the SMI index fell by 0.16% to 12,081.41 points. The focus is on the upcoming quarterly reports from UBS and Sandoz, as well as the upcoming US labor market data.

UBS shares experienced a significant increase of 3.2% due to a strong quarterly profit and progress in integrating Credit Suisse. Sandoz also reported impressive figures, leading to a 2.2% increase in its stock. On the other hand, Swatch shares dropped 2.1% following a negative report from Berenberg, while Richemont fell 1.2%.

In the second-tier market, Landis+Gyr gained 4.7% due to a new strategy, while Gurit saw a significant decline of 5.7% following the departure of its CEO. Investors are also eagerly awaiting earnings reports from major US companies, such as Microsoft and Meta, as well as the ADP employment data for insights into the labor market before Friday's report.

• UBS shares experienced a significant increase of 3.2% due to a strong quarterly profit and progress in integrating Credit Suisse.
• Sandoz also reported impressive figures, leading to a 2.2% increase in its stock.
• On the other hand, Swatch shares dropped 2.1% following a negative report from Berenberg, while Richemont fell 1.2%.

In the second-tier market, Landis+Gyr gained 4.7% due to a new strategy, while Gurit saw a significant decline of 5.7% following the departure of its CEO.

1. Investors are also eagerly awaiting earnings reports from major US companies, such as Microsoft and Meta.
2. They are also looking forward to the ADP employment data for insights into the labor market before Friday's report.