"The risk of a correction is very present as markets have gotten off to a strong start to the year"
- Mikkel Kierkegaard Petersen, a senior equity adviser at Nordea Private Banking
Swiss stocks rose on Thursday, led by Adecco S.A., world leader company in the human resources. The company gained 8.5 per cent after announcing better than expected fourth quarter financial results.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, advanced 0.30%, or 18.35 points, to 6,128.28. The broader Swiss Performance Index gained 0.25%, or 14.10 points, to 5,598.42.
The Federal Statistical Office is to announce change in year-on-year retail sales on Monday. Sales rose 0.6 per cent in December, after increasing 1.8 per cent in November.
© Dukascopy Bank