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"Recent positive economic data out of the U.S. have helped revive the markets"
- Manish Singh, head of investment at Crossbridge Capital
Swiss stocks rose for a fifth consecutive day on Friday after reports on new home sales and durable goods showed the world's largest economy is recovering.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, rose 0.97%, or 56.83 points, to 5,893.89. The broader Swiss Performance Index edged higher 0.90%, or 47.13 points, to 5,308.95.
"Recent positive economic data out of the U.S. have helped revive the markets," said Manish Singh, the London-based head of investment at Crossbridge Capital.
"This could be a possible basis for a rally. Even if volume is thin, it's good to finish on a positive note and set a positive tone for the new year."