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"The improvement in sentiment in the industry is to be seen as positive"
- Viola Stork, an analyst at Helaba Landesbank Hessen-Thueringen
Swiss stocks edged higher on Thursday after better-than-expected reports on U.S. initial jobless claims and manufacturing.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, gained 1.14%, or 65.05 points, to 5,784.14. The broader Swiss Performance Index rose 0.94%, or 48.40 points, to 5,200.17.
"The improvement in sentiment in the industry is to be seen as positive," Viola Stork, an analyst at Helaba Landesbank Hessen-Thueringen in Frankfurt, wrote in an e-mail. "Overall, the U.S. economy should be able to have moderate growth in the fourth quarter."