Swiss stocks extended gains on Monday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
"Monetary-policy decisions in the U.S. and Europe are on the program and the expectations are high"
- Christian Schmidt, a technical analyst for equities at Helaba Landesbank Hessen-Thueringen

Swiss stocks rose for a fourth day amid hopes the ECB will take decisive action to ease euro area strains.

The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, advanced 0.62%, or 39.56 points, to 6,402.38. The broader Swiss Performance Index gained 0.62%, or 36.63 points, to 5,918.21.

"The upcoming central-bank meetings this week will be carefully followed," said Christian Schmidt, a technical analyst for equities at Helaba Landesbank Hessen-Thueringen in Frankfurt.

"Monetary-policy decisions in the U.S. and Europe are on the program and the expectations are high. It will be interesting to see how ECB President Draghi assesses the situation and whether there are hints at further measures."
© Dukascopy Bank SA

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