"… better-than-expected U.S. durable- goods and housing data have helped to push European markets higher today"
- George Satlas, head of investments at TT ELTA Mutual Funds Management SA
Swiss stocks extended gains on Wednesday after a report showed durable goods orders in the world's largest economy rose more than economists forecast.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, rose 0.65%, or 38.81 points, to 5,996.53. The broader Swiss Performance Index gained 0.66%, or 36.65 points, to 5,564.79.
"As it is quite difficult to get any positive signs from the European Union nowadays, better-than-expected U.S. durable- goods and housing data have helped to push European markets higher today," said George Satlas, head of investments at TT ELTA Mutual Funds Management SA in Athens.
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