US chip manufacturer Nvidia has become the first company ever to exceed a market capitalisation of USD 5 trillion.

Reverse convertibles allow investors to achieve appealing returns, even in stagnant stock markets. The low strike reverse convertible stands out for its defensive orientation.

French equities are reacting with losses to the escalating government crisis. The barrier reverse convertible on four French stock market heavyweights allows investors to benefit from the yield potential.

In the near future, data on the US economy is likely to be scarce, as numerous government agencies are scaling back their operations in light of the shutdown. The upcoming third-quarter earnings could help to fill this gap. As usual, it will be US banks that kick things off.

The Swiss stock market is up this year, but cannot keep pace with the markets in Europe and the US. By combining the respective winners and laggards of the three leading equity indices, investors can take advantage of potential yield opportunities in CHF, EUR and USD.

As of this week, AppLovin and Robinhood are part of the US benchmark index S&P 500®. The shares have climbed sharply in price over the past three weeks. For investors who believe the stocks will continue to rise slightly but do not want to take the risk of a direct investment, a barrier reverse convertible is a good option.

Kühne + Nagel, Givaudan, and Nestlé are among the laggards in the SMI this year. Investors who believe the equities will recover but want to minimise the risk of losses may be interested in the capital protection note on the three underlyings.

BKW and DKSH, whose core markets lie outside the US, are likely to feel only limited direct impact from the US tariffs on Swiss imports.

Switzerland was caught off guard by the announcement of painfully high import tariffs into the United States. The impact of the new trade regime on Swiss companies remains to be seen. However, business models that are less affected by US tariff policy are likely to have an advantage in this market environment.

Shares in Belimo, Sandoz and Swissquote are currently trading at record highs. This may increases the risk of setbacks.