Swiss stocks closed higher on Friday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
"Europe's commitment on lending to banks shows that the region won't let them fail"
- Pierre Mouton, a fund manager at Notz Stucki & Cie.

Swiss stocks rose further on Friday amid optimism law makers will take measures to help Eurozone banks.

The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies rose 0.17%, or 10.91, to 6,529.34. The broader Swiss Performance Index added 0.21%, or 12.76 points, to 6,033.32.

"The Merkel comments have helped the market," said Pierre Mouton, a fund manager at Notz Stucki & Cie. in Geneva.

"There will be good news to come from Europe. The market was extremely pessimistic, especially on banks. Europe's commitment on lending to banks shows that the region won't let them fail."

© Dukascopy Bank SA

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