- Witold Bahrke, a senior strategist at PFA Pension A/S
Swiss stocks extended gains on Wednesday.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, rose 1.89%, or 108.06 points, to 5,822.63. The broader Swiss Performance Index added 1.88%, or 99.96 points, to 5,429.85.
"While not cutting rates or setting up a new bazooka, the ECB keeps the door open for further measures if warranted, confirming what investors consider the most likely scenario," said Witold Bahrke, a senior strategist at PFA Pension A/S in Copenhagen.
"The bank is keeping its gunpowder dry for now and sustains the pressure on euro-zone politicians."
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