The stock market started the new week lower on Monday. The reason for this is the US announcement of extra tariffs of 30% on EU goods from August 1. The market had actually hoped for an early defusing of the trade conflict. The Swiss Market index SMI lost 0.19% to 11,915 points by around 9.40 am. The leading European indices are also lower. The German DAX fell by 0.66% and the French CAC by 0.46%. +Get the most important news from Switzerland in your inbox Overall, however, the losses are relatively moderate. The cautious reaction of the EU and familiarity with the negotiating tactics of American President Donald Trump softened the reactions of the financial markets, according to the mood in stock market circles. In Switzerland, meanwhile, the wait for the outcome of US tariff negotiations continues. The half-year results of Novartis, ABB, Schindler and Richemont are also expected this week. However, global trade policy remains central. "Tariffs remain the number one topic this ...
