"Further delays in [Greece's] negotiations [with private bondholders] would lead to renewed nervousness on the financial markets"
- Anja Hochberg, head of investment strategy at Credit Suisse Group AG
Swiss stocks rose modestly on Tuesday amid Greece's negotiations with private bondholders. The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, advanced 0.12%, or 7.43 points, to 6,135.10. The broader Swiss Performance Index added 0.04%, or 2.22 points, to 5,539.01.
"Further delays in [Greece's] negotiations [with private bondholders] would lead to renewed nervousness on the financial markets," said Anja Hochberg, head of investment strategy at Credit Suisse Group AG in Zurich. "Given the crowded auction calendar in the first quarter, further progress seems to be necessary soon."
KOF Economic Research Agency is to announce its economic barometer on Friday. The index is derived via combined reading of 12 economic indicators related to banking confidence, production, new orders, consumer confidence and housing.
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