© Dukascopy Bank
|
"The post-Christmas malaise is likely to continue following a lack of cues from other markets and no significant economic data on the calendar"
- Jonathan Sudaria, a trader at London Capital Group
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, rose 0.14%, or 8.34 points, to 5,895.25. The broader Swiss Performance Index gained 0.05%, or 2.80 points, to 5,304.90.
"Despite all European markets now back in action, the post-Christmas malaise is likely to continue following a lack of cues from other markets and no significant economic data on the calendar," Jonathan Sudaria, a trader at London Capital Group, wrote in a note.
The KOF economic barometer, which indicates the expected performance of the Swiss economy over the following six months, declined to 0.01 from 0.34 in November, the lowest reading in more than two years.