Swiss stock market remains calm amidst global market volatility and trade tensions. The Swiss Market Index (SMI) has remained relatively stable, with the two largest companies, Roche and Novartis, showing little movement. The Swiss National Bank (SNB) has maintained its policy of keeping interest rates high, despite the depreciation of the US dollar and the strengthening of the Swiss franc. The SNB has warned that a loss of confidence in the US dollar could destabilize global markets and lead to geopolitical tensions. The situation remains uncertain and investors are advised to be cautious and prepare for further market volatility.