The S&P 500 index in the US entered bull market territory yesterday, up 20% since its October 2022 low, on optimism that the Federal Reserve will keep interest rates on hold for the time being. In contrast, a rate hike in Switzerland on 22nd June appears to be a done deal, setting the Swiss franc up for a rally, especially against the US dollar, as Tim Gagie, Head of FX & PM Solutions Geneva, explains. 00:14 Introduction by Helen Freer (Investment Writing)00:33 Markets wrap-up by Roman Canziani (Head of Investment Writing)04:49 FX update by Tim Gagie (Head of FX & PM Solutions Geneva)08:53 Closing remarks by Helen Freer (Investment Writing)