SMI rebounds as oil and yields ease, up 0.8 percent at midday
Published on 10/09/2026 at 13:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- SMI traded at 13,749 points at 12:11 p.m. CEST on October 9, 2026, up 0.8 percent.
- The rebound followed lower oil prices and easing bond yields after Thursday's selloff.
- Sika and Amrize led the early gains, while Roche rose after a US approval for Tecentriq.
- The University of Michigan consumer sentiment reading is due at 10:00 p.m. CEST.
The SMI traded at 13,749 points at 12:11 p.m. CEST on October 9, 2026, up 0.8 percent from Thursday's close. The rebound followed a retreat in oil prices and lower bond yields, while the index was below its 13,786-point opening level, according to finanzen.ch.
Sika leads the rebound
Sika was the strongest SMI constituent in the morning, rising 2.6 percent, while Amrize gained 2.1 percent. All 20 SMI stocks were higher at 9:25 a.m. CEST, with cyclical shares among the leaders, finanzen.ch reported.
Roche added 1.0 percent after the U.S. Food and Drug Administration approved Tecentriq for a form of colorectal cancer. Partners Group rose 1.6 percent after launching a global private-credit strategy, while Nestle said it plans to double investments in Mexico to USD 2 billion, according to the same market update.
Oil and yields set the market tone
Brent crude traded at USD 103.70 during Asian hours after falling back from the previous session's surge. The U.S. 10-year Treasury yield stood at 5.226 percent, near its 24-year high, as concerns about energy costs, inflation and interest rates continued to shape the global equity backdrop, Reuters reported.
What comes next
U.S. Kansas City Fed President Jeffrey Schmid is scheduled to speak at 9:30 p.m. CEST, followed by the preliminary University of Michigan consumer sentiment reading for October at 10:00 p.m. CEST. The sentiment survey is expected at 48.0, versus 48.1 previously, according to finanzen.ch and Saxo.
