"This rally is being driven by hope of policy steps, possibly from China or EU leaders, while data are all less than ideal"
- Witold Bahrke, a senior strategist at PFA Pension A/S
Swiss stocks rose on Monday on Chinese Premier Wen Jiabao's pledge to focus more on bolstering growth.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, added 0.29%, or 16.83 points, to 5,814.59. The broader Swiss Performance Index gained 0.33%, or 17.87 points, to 5,437.63.
"This rally is being driven by hope of policy steps, possibly from China or EU leaders, while data are all less than ideal," said Witold Bahrke, a senior strategist at PFA Pension A/S in Copenhagen, where he helps oversee $55 billion.
"Global stocks erased gains made earlier this year so a short term relief is just natural."
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