"Stocks have been hammered lately and it's very natural to go up like this when you get some good news"
- Peter Garnry, an equity strategist at Saxo Bank
Swiss stocks rose for the third day in four on Friday after European leaders agreed on a number of measures to combat the debt crisis.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, gained 1.34%, or 80.01 points, to 6,066.86. The broader Swiss Performance Index climbed 1.47%, or 81.38 points, to 5,633.27.
"Stocks have been hammered lately and it's very natural to go up like this when you get some good news," said Peter Garnry, an equity strategist at Saxo Bank.
"This shows that policy makers are willing to move to get a step closer to integration," he said. "There were some concerns if the Germans would be willing to soften their stance on the growth compact and the requirements for peripheral Europe and now it looks like Germany is willing to move."
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