What are the main events for today?

Today's market highlights focus on the Swiss National Bank's monetary policy meeting and the release of US Jobless Claims. The SNB is expected to keep interest rates unchanged at 0.00%, without providing significant forward guidance. Recent inflation data has disappointed expectations, and the SNB has reiterated that the threshold for negative interest rates remains very high. Chairman Schlegel mentioned that inflation is expected to pick up slightly in the coming months. On the trade front, an agreement has been reached between Switzerland and the US to lower tariffs on Swiss goods from 39% to 15%, which could positively impact the Swiss economy. In the American session, the key focus will be on the Jobless Claims figures, with initial claims expected to rise to 220K, an increase from the prior count of 191K. Continuing claims are projected at 1947K. The data suggests a labor market characterized by 'low firing, low hiring', a situation described by Fed Chair Powell as unusual. The Fed is trying to assist the demand side while avoiding inflationary pressures. Additionally, key central bank speakers are on the agenda, with the SNB press conference at 09:00 GMT and BoE's Bailey speaking at 10:00 GMT.