"Amid fears that Europe's sovereign-debt crisis is taking another turn for the worse, debate has intensified if global equities are set for a period of medium-term weakness"
- Cameron Peacock, a market strategist at IG Market
Swiss stocks edged higher on Thursday after the Fed hinted it will keep interest rates low.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, gained 1.08%, or 65.57 points, to 6,125.39. The broader Swiss Performance Index gained 1.13%, or 62.96 points, to 5,641.00.
"Investors are currently trying to interpret the Fed's message last night in a positive way, and on the other hand being attentive as Italy's bond sale reminds them that we're still in an environment where one needs to be cautious," said John Plassard, director at Louis Capital Markets SA in Geneva.
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