"It seems that investors are comfortable with building a degree of risk in anticipation of stimulus measures from the Federal Reserve and the European Central Bank"
- Ishaq Siddiqi, a market strategist at ETX CapitalSwiss stocks gained on Thursday on better than expected U.K. retail sales and U.S. building permits data.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies climbed 0.10%, or 6.56, to 6,518.43. The broader Swiss Performance Index advanced 0.15%, or 8.74 points, to 6,020.56.
"It seems that investors are comfortable with building a degree of risk in anticipation of stimulus measures from the Federal Reserve and the European Central Bank," said Ishaq Siddiqi, a market strategist at ETX Capital in London.
"The weaker the data, the more likely we are to see a response from the Fed."
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