Swiss KOF Leading Indicators (Apr) 97.9 vs. Exp. 96 (Prev. 96.1)

The Swiss KOF Leading Indicators for April came in at 97.9, beating expectations of 96 and a prior reading of 96.1.

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EUROPEAN OPEN: MSFT, QCOM, GOOG, AMZN higher after earnings, META lower; BAS GY beats in Q1, backs FY26 targets; ULVR sales rise, supported by EMs; STLAM IM tops expectations, VOW3 GY profit misses; ACA FP fixed income misses, GLE FP trading sales slide

European Movers: Delivery Hero (DHER GY) +5.8%, Capgemini (CAP FP) +4.0%, Puma (PUM GY) +2.2%, DHL (DHL GY) +1.2%, Weir (WEIR LN) -7.8% Whitbread (WTB LN) -7.5% Stellantis (STLAM IM/STLAP FP) -7.0%, Credit Agricole (ACA FP) -4.6%,

Swiss KOF Leading Indicators (Apr) 97.9 vs. Exp. 96 (Prev. 96.1)

Fire at Russia's Tuapse oil refinery has been extinguished, regional Governor says

French Inflation Rate YoY Prel (Apr) Y/Y 2.2% (Prev. 1.7%)

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Context

This could signal a strengthening economic outlook in Switzerland, potentially influencing the Swiss National Bank's policy stance and impacting Swiss franc dynamics depending on how it shifts expectations around growth and inflation.

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