"The debt crisis is not over here in Europe, and the U.S. economy seems to be OK, but not very strong"
- Jacques Porta, fund manager at Ofi Patrimoine
Swiss stocks closed slightly higher on Tuesday after a report showed new home sales in the U.S. were upwardly revised to 353,000 units in February.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, gained 0.16%, or 10.01 points, to 6,124.84. The broader Swiss Performance Index rose 0.28%, or 15.60 points, to 5,684.51.
"We need to be cautious. It's still a difficult market," said Jacques Porta, fund manager at Paris-based Ofi Patrimoine.
"The debt crisis is not over here in Europe, and the U.S. economy seems to be OK, but not very strong."
© Dukascopy Bank