"Slightly better-than-expected economic data in Europe is supporting investors' cautiously positive sentiment in the short term"
- Alessandro Fezzi, senior market analyst at LGT Capital Management AG
Swiss stocks rose on Tuesday after a report showed German economy rose 0.3 per cent in the second quarter.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies advanced 0.62%, or 39.80, to 6,505.98. The broader Swiss Performance Index edged higher 0.61%, or 36.19 points, to 6,011.28.
"Slightly better-than-expected economic data in Europe is supporting investors' cautiously positive sentiment in the short term," said Alessandro Fezzi, senior market analyst at LGT Capital Management AG in Pfaeffikon, Switzerland.
"The moderate risk-on sentiment is carried by expectations of further central- bank measures in the near future. But the question remains if additional stimulus will be able to kick start the economies."
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