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"The market environment remains uncertain and investors will continue to be cautious"
- Christian Zogg, fund manager at LLB Asset Management AG
Swiss stocks rose for a second consecutive day on Thursday, after the European Central Bank lowered the key interest rate to 1.25 percent. The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, gained 1.02%, or 57.00 points, to 5,668.05. The broader Swiss Performance Index increased 1.22%, or 62.03 points, to 5,161.72.
"The market environment remains uncertain and investors will continue to be cautious," said Christian Zogg, fund manager at LLB Asset Management AG in Vaduz, Liechtenstein on Wednesday.
Swiss Federal Statistical Office is to announce change in month on month inflation for October on Monday.