"The data out of both Italy and U.K. have been better than expected"
- Markus Huber, head of German sales trading at ETX Capital
Swiss stocks closed in green on Tuesday after reports showed manufacturing in the U.K. and Italy rose and European officials agreed on measures to support Spanish banks.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, gained 0.49%, or 30.42 points, to 6,191.20. The broader Swiss Performance Index advanced 0.52%, or 29.46 points, to 5,744.14.
"The data out of both Italy and U.K. have been better than expected," said Markus Huber, head of German sales trading at ETX Capital in London.
"The market has been starved of any kind of good news, so this is welcome."
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