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.

Accelleron and ABB have both reported strong financial results for the latest reporting period. The short-term reverse convertible on the two stocks offers attractive yield opportunities.

The price of gold has risen significantly since the beginning of the year. With the capital protection note on the Swisscanto Gold ETF, investors participate in rising gold prices, provided the 122% knock-out-barrier is not touched during the term. In additon, they benefit from 100% capital protection at maturity.

The financial results announced by Barry Callebaut, Partners Group and Richemont prompted mixed reactions on stock markets.

The planned US tariffs on Brazilian goods are likely to push up the price of many popular food items.

Starting next week, the earnings of US stock market heavyweights are expected to set the tone on Wall Street. Communications and technology companies are once again expected to deliver strong results.

Global stock markets have experienced a volatile six months. Nevertheless, the SMI closes the first half-year on a positive note. 

The importance of women's elite sport is growing worldwide. This is reflected in fans' excitement for the Women's European Football Championship, which starts in Basel on 2 July. An increasing number of sponsors are recognising this potential and expanding their partnerships with female athletes.

Advances in artificial intelligence are driving demand for high-performance data centres. Suppliers such as ABB, Schneider Electric and Siemens could benefit from this trend.