"We're seeing a normal rebound after a selloff"
- Nils Rosendahl, an analyst at Nordea Markets
Swiss stocks rose on Tuesday after a report showed existing home sales in the world's largest economy rose for the first time in three months.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, increased 1.64%, or 95.61 points, to 5,910.20. The broader Swiss Performance Index rose 1.56%, or 84.64 points, to 5,522.27.
"We're seeing a normal rebound after a selloff," said Nils Rosendahl, an analyst at Nordea Markets in Stockholm.
"Everyone is seeing this as breathing space before the new elections in Greece."
© Dukascopy Bank