© Dukascopy Bank
|
"Volumes are relatively quiet"
- Ken Polcari, a managing director at ICAP Plc's equities unit
Swiss banks were closed on Monday in observance of New Year's Day.
Swiss stocks closed higher on Friday after the Swiss National Bank said its foreign currency reserves increased.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, gained 0.67%, or 39.63 points, to 5,936.23. The broader Swiss Performance Index rose 0.64%, or 33.93 points, to 5,343.52.
The Federal Statistical Office is to announce month on month change in consumer price index on Friday. Economists expect the index to decline 0.1 percent in December.