"Investors are betting Greece will conclude a deal"
- Jakup Petur Baerentsen, a chief equity adviser at Nordea Private Bank
Swiss unemployment remained unchanged in January, said the Swiss State Secretariat for Economic Affairs on Wednesday. Jobless rate was at 3.1 per cent, the same as in December.
Swiss stocks closed slightly lower on Tuesday. The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, declined 0.03%, or 1.73 points, to 6,155.86. The broader Swiss Performance Index lost 0.03%, or 1.42 points, to 5,583.65.
"Investors are betting Greece will conclude a deal, that's what's pushing stocks higher," said Jakup Petur Baerentsen, a chief equity adviser at Nordea Private Bank in Copenhagen. "Patience will last till the end of this week."
The Federal Statistical Office is to announce change in month-on-month consumer prices on Friday. Prices declined 0.2 per cent in December and by the same amount in November.
© Dukascopy Bank