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"While appreciating the risk, investors still hope that a solution will be put in place for the European debt crisis"
- Henk Potts, an equity strategist at Barclays Wealth
Swiss stocks rose on Monday after European finance ministers held a conference to discuss 200 billion euros in additional funding through the International Monetary Fund.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, gained 0.60%, or 34.48 points, to 5,767.98. The broader Swiss Performance Index rose 0.48%, or 24.92 points, to 5,186.61.
"While appreciating the risk, investors still hope that a solution will be put in place for the European debt crisis," said Henk Potts, an equity strategist at Barclays Wealth in London.
"You should be positioned for any upside surprises. There is still quite a lot to be optimistic about. The corporate picture is still very bright and economic growth could kick back."