"Some investors have very strong expectations for the European central Bank and the Federal Reserve to issue more monetary measures"
- Witold Bahrke, a senior strategist at PFA Pension A/S
Swiss stocks closed in green on Tuesday after a report showed factory orders in the world's largest economy rose more than expected.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, increased 1.39%, or 84.67 points, to 6,194.08. The broader Swiss Performance Index climbed 1.39%, or 78.62 points, to 5,749.80.
"Some investors have very strong expectations for the European central Bank and the Federal Reserve to issue more monetary measures and nobody wants to be short before the ECB meeting this week," said Witold Bahrke, a senior strategist at PFA Pension A/S in Copenhagen.
"Macroeconomic data has not been bad enough to warrant more unconventional monetary stimulus just yet, but we're very close to the point where more bad news will actually be good news for equity investors."
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