"European markets are rebounding, supported by a short squeeze, especially on banking shares"
- John Plassard, director at Louis Capital Markets SA
Swiss stocks rose for a third day in four on Thursday.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, added 0.59%, or 34.53 points, to 5,852.44. The broader Swiss Performance Index gained 0.56%, or 30.38 points, to 5,467.89.
"European markets are rebounding, supported by a short squeeze, especially on banking shares," said John Plassard, director at Louis Capital Markets SA in Geneva.
"This technical rebound we're seeing right now may be short-lived, however."
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