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    Zuger Kantonalbank

    News and market analysis – benefit from our expertise

    We regularly publish relevant analysis and reports on the global economy and the most important markets.

    07.04.2025

    Portfolio – Update

    The announcement of new tariffs by US President Donald Trump triggered sharp falls on the equity markets. Initially the US stock market above all was badly affected by the sell-off. But last Friday the European bourses and Swiss stocks also took a beating. The sell-off has been continuing today, and the past months’ encouraging gains have vanished into thin air. We had already reacted to the growing economic and political uncertainties by aligning ourselves more defensively. Currently we are continuing to take profits and reducing our equity exposure.