"There is a lot that has been discounted in European equity markets in terms of the region's debt crisis"
- Fernando Espinosa, a trader at Interbrokers Espanola
Swiss stocks added to gains on Tuesday, as the government raised its economic growth forecast.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, rose 0.83%, or 48.53 points, to 5,919.88. The broader Swiss Performance Index increased 0.61%, or 33.52 points, to 5,507.31.
"There is a lot that has been discounted in European equity markets in terms of the region's debt crisis," said Fernando Espinosa, a trader at Interbrokers Espanola in Barcelona, Spain.
"Investors have driven stocks to very low levels and hence valuations have been adjusted to very attractive levels."
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