"It's not surprising to see a sideways movement [in stocks] right now, because we had a decent run in the last five to six weeks"
- Konstantin Giantiroglou, head of investment advisory at Neue Aargauer Bank AG
Swiss stocks rose slightly on Thursday after German business climate improved unexpectedly.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies edged higher 0.14%, or 8.55 points, to 6,200.97. The broader Swiss Performance Index rose 0.08%, or 4.21 points, to 5,613.33.
"It's not surprising to see a sideways movement right now, because we had a decent run in the last five to six weeks," said Konstantin Giantiroglou, head of investment advisory at Neue Aargauer Bank AG in Brugg, Switzerland.
"Company news at Swiss Re, like the other insurance companies that reported last week, has generally been good. The big factor is how people now digest the Greek news and whether the whole euro zone problem will flare up again."
© Dukascopy Bank