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"The combination of bargain hunters and a quiet market could well offer a degree of support in the days ahead"
- Terry Pratt, an institutional trader at IG Markets
Swiss stocks rose on Tuesday for a second consecutive day after the U.S. Census Bureau announced better-than-expected housing starts and increase in building permits in the world's largest economy.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, rose 0.63%, or 36.33 points, to 5,804.31. The broader Swiss Performance Index gained 0.78%, or 40.25 points, to 5,226.86.
"The combination of bargain hunters and a quiet market could well offer a degree of support in the days ahead," said Terry Pratt, an institutional trader at IG Markets.