"… gains [in stocks] are largely being driven by hopes that the ECB is moving closer to responding with a plan to arrest the spread of the regional debt crisis"
- Ishaq Siddiqi, an analyst at ETX CapitalSwiss stocks climbed on Tuesday amid growing hopes of the European Central Bank' action.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies rose 0.19% to 6,518.32. The broader Swiss Performance Index added 0.16%.
"European financial markets are firmer …, with stocks, the euro and commodities all grounding higher while Spanish and Italian bond yields continue climbing off dangerous levels," said Ishaq Siddiqi, an analyst at ETX Capital.
"… gains are largely being driven by hopes that the ECB is moving closer to responding with a plan to arrest the spread of the regional debt crisis," he added.
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