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"This week has been billed as the final chance to save the euro"
- Chris Beauchamp, a market analyst at IG Index
Swiss stock rose on Monday extending last week's rally after France and Germany announced plans to change EU treaty and Italy approved a three-year austerity plan on Sunday.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, gained 0.37%, or 21.01 points, to 5,739.86. The broader Swiss Performance Index edged higher 0.48%, or 24.84 points, to 5,211.10.
"Everything seems to be pointing in the right direction and investors can be forgiven for hoping that politicians finally grasp the seriousness of the problem," said Chris Beauchamp, a market analyst at IG Index in London. "This week has been billed as the final chance to save the euro."