SMI falls 1.0 percent at midday as oil and yields pressure stocks
Published on 10/08/2026 at 13:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
SMI traded at 13,667 points at 12:11 p.m. CEST on October 8, 2026, down 1.0 percent from the previous close. The index opened at 13,720 points and reached a session low of 13,644 points, as Boursier linked the decline to higher oil prices and debt-market pressure.
Oil and bond yields were also identified as the main market risks in Saxo Bank, after the previous day's hawkish Federal Reserve minutes reinforced rate concerns.
Swiss Re and Givaudan lead the gainers
Near 12:09 p.m. CEST, Swiss Re rose 0.2 percent and Givaudan gained 0.2 percent. Sika fell 1.7 percent and Roche declined 1.6 percent, according to finanzen.ch. The broader market was weak, with defensive strength insufficient to offset losses across cyclical and health care shares.
What comes next
U.S. initial jobless claims are scheduled for 2:30 p.m. CEST, with a consensus forecast of 200,000 against 197,000 previously, according to XTB. The European Central Bank's meeting accounts are due at 1:30 p.m. CEST, followed by the U.S. 30-year Treasury bond auction at 7:00 p.m. CEST, as listed by Investing.com.
