After opening flat and then edging higher slowly till about a couple of hours past noon, Swiss stocks climbed up sharply on Friday as buying gathered momentum after Iran declared the Strait of Hormuz completely open to commercial traffic.
Iran's foreign minister said that in light of the ceasefire that has halted fighting between Israel and Hezbollah militants in Lebanon, "passage for all commercial vessels through Strait of Hormuz is declared completely open," via a designated route through the vital shipping lane.
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April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.