Mon, 15 Jul 2013 11:12:07 GMT
Swiss shares gain as China's economy grows as estimated
Switzerland's shares advanced, extending previous week's gains, as China's economic data were in line with expectations. The SMI climbed 0.5% to 8,024.19 as of 10:01 a.m. Zurich time; moreover, the gauge increased 2.6% past week as U.S. earnings season started with Alcoa Inc. beating the estimates and the Fed's Bernanke stated that U.S. economy still needs monetary stimulus. The Swiss