"Within our mandate, the ECB is ready to do whatever it takes to preserve the euro"
- Mario Draghi, ECB president
Swiss stocks rose the most in a month after ECB president Mario Draghi said the central bank will do whatever it is required to preserve the single currency.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, gained 1.57%, or 96.97 points, to 6,277.74. The broader Swiss Performance Index increased 1.45%, or 83.25 points, to 5,807.09.
"Draghi's comments are a bullish sign for markets," said Graham Bishop, an equity strategist at Exane BNP Paribas in London.
"The tone got more aggressive and the message is clear: that markets should not fight the ECB."
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