"The EU summit at the end of this week will be absolutely key in determining the amount of pressure Spain finds itself under"
- Richard McGuire, senior fixed-income strategist at Rabobank International
Swiss stocks gained slightly on Tuesday.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, gained 0.22%, or 13.24 points, to 5,957.72. The broader Swiss Performance Index advanced 0.11%, or 6.01 points, to 5,528.14.
"The EU summit at the end of this week will be absolutely key in determining the amount of pressure Spain finds itself under," said Richard McGuire, senior fixed-income strategist at Rabobank International.
"If we don't get much in the way of traction at the summit, Spanish yields will come under significant pressure and rapidly raise the prospect that the country will need additional bailouts."
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