Swiss Stock Market Week Ahead: SNB at 0%, UBS Capital-Rules Compromise, Tariff Relief, and the Key Catalysts to Watch (Dec 15–19, 2025)
Zurich, Dec 13, 2025 — Swiss equities head into the new week with a familiar mix of “defensive resilience” and headline-driven volatility. The Swiss Market Index (SMI) spent the past several sessions grinding lower and struggling to hold early gains, even as global markets digested a U.S. rate cut and a potentially meaningful easing of trade pressure on Swiss exporters. The setup for the Swiss stock market week ahead is unusually layered: Below is what matters most for investors watching the SMI, large-cap Swiss defensives, and Switzerland’s globally exposed cyclicals in the week ahead. Where the SMI stands after a