"… much better than expected Michigan sentiment data are giving stocks a lift to the upside"
- Markus Huber, head of German sales trading at ETX Capital
Swiss stocks rose on Friday after a report showed U.S. consumer sentiment advanced to the highest level in four years.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, added 0.48%, or 28.28 points, to 5,954.88. The broader Swiss Performance Index gained 0.47%, or 26.15 points, to 5,573.12.
"Slight optimism that current negotiations in Greece will lead to the formation of a unity government soon and much better than expected Michigan sentiment data are giving stocks a lift to the upside in late trading," said Markus Huber, head of German sales trading at ETX Capital in London.