"Investor sentiment could improve and investors might see that things are looking better for the euro area"
- Benjamin Ferrand, sales adviser at Louis Capital Markets SA
Swiss stocks rose on Thursday after Greek politicians agreed on austerity measures to secure a second bailout.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, advanced 0.22%, or 13.77 points, to 6,169.63. The broader Swiss Performance Index rose 0.19%, or 10.88 points, to 5,594.53.
"Even if a deal was expected, it's good news -- at least for the short term," said Benjamin Ferrand, sales adviser at Louis Capital Markets SA in Geneva.
"Investor sentiment could improve and investors might see that things are looking better for the euro area. However, we will still need to assess the evolution of the Greek economy as one can't forget that this deal is set up with a lot of conditions."
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