In the era of artificial intelligence, consumer staples are not receiving much attention from investors, who are currently focusing primarily on companies that could benefit from the AI boom. However, in turbulent market phases, the sector's defensive orientation pays off.

The planned reduction in US tariffs on Swiss goods offers some hope to the domestic watch industry. Watch manufacturers Richemont and Swatch Group are in the spotlight on the stock market. While Richemont has coped well with the challenging market conditions, Swatch Group continues to face pressure.

Although Nvidia presented strong quarterly earnings, concerns about market exaggerations are dominating the US stock market. The current euphoria surrounding artificial intelligence is reminiscent of the dot-com bubble of the 1990s. While there are significant differences compared to the situation at the time, investors should remain cautious. 

Capital protection products are in demand during periods of market uncertainty. With the capital protection note on Givaudan, Kühne + Nagel and Nestlé, investors participate in the upside potential of SMI laggards while reducing their downside risk.

Gold mining companies are benefiting from the surge in the price of gold and have recorded strong stock market gains this year. However, this also increases the risk of setbacks, as investors have recently experienced. 

Sales of electric vehicles have increased rapidly in recent years. Although economic and political uncertainties have recently slowed the advance of e-mobility, demand for electric cars is expected to continue growing in future. The ZKB Tracker Certificate EV Battery Basket provides investors with an easy access to this investment opportunity.

Corporate earnings are currently setting the pace on the Swiss stock market. However, not all companies have been able to deliver convincing results. Nestlé and Sika are among the losers, dropping significantly after their interim results were published. Investors can benefit from the yield potential with the reverse convertible on these two stocks.

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.

In the current zero interest rate environment, the search for attractive investments remains challenging. In this context, the ZKB Bonus Certificate on five Swiss financials – Helvetia, Partners Group, Swissquote, UBS and Zurich Insurance – may be of interest.