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"European bond auctions look to be key drivers of sentiment"
- Jonathan Sudaria, a trader at London Capital Group
Swiss stocks edged higher for a fifth consecutive day on Wednesday, rebounding from day's losses, after Germany and Portugal sold government securities.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, rose 0.12%, or 7.15 points, to 6,058.08. The broader Swiss Performance Index gained 0.07%, or 3.79 points, to 5,456.56.
"European bond auctions look to be key drivers of sentiment," Jonathan Sudaria, a trader at London Capital Group, wrote. "Stakes are heightened this month as France, Italy and Spain also have long-dated auctions.