- Konstantin Giantiroglou, head of investment advisory at Neue Aargauer Bank AG
Swiss stocks closed slightly higher on Monday. The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, gained 0.08%, or 5.00 points, to 6,127.67. The broader Swiss Performance Index rose 0.17%, or 9.15 points, to 5,536.79.
"Ongoing negotiations in Greece do not appear to make participants particularly nervous," said Konstantin Giantiroglou, head of investment advisory at Neue Aargauer Bank AG in Brugg, Switzerland. "Considering the market's rise since the beginning of the year, I would say that a slight correction is certainly normal."
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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