"Our advice is to sell any rally as long as the macro backdrop doesn't improve"
- Emanuel Cau, a strategist at JPMorgan
Swiss stocks added to gains on Wednesday.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, rose 0.42%, or 24.81 points, to 5,944.69. The broader Swiss Performance Index gained 0.45%, or 24.88 points, to 5,532.19.
"We're still in an environment where the macro trend is deteriorating and we think that most recent news flow from the corporates is becoming worrying as well," Emanuel Cau, a strategist at JPMorgan, said.
"Our advice is to sell any rally as long as the macro backdrop doesn't improve."
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