- Lorne Baring, managing director at B Capital SA
Swiss stocks gained on Tuesday after Spain sold more debt than it had targeted.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, rose 1.23%, or 75.36 points, to 6,200.27. The broader Swiss Performance Index gained 1.38%, or 77.53 points, to 5,705.36.
"Today's auction is a good sign and will provide some support for the market," said Markus Wallner, an equity strategist at Commerzbank AG in Frankfurt.
"But investors will keep a sharp eye on the Spanish 10-year bond yields until Thursday at its bond auction."
© Dukascopy Bank