"There's hope that there's an improvement on the U.S. real estate market front"
- John Plassard, a director at Louis Capital Markets LP
Swiss stocks gained on Tuesday after a report showed the housing market in the world's largest economy is stabilising.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, gained 0.84%, or 49.54 points, to 5,914.73. The broader Swiss Performance Index rose 0.88%, or 48.47 points, to 5,525.93.
"There's hope that there's an improvement on the U.S. real estate market front," said John Plassard, a director at Louis Capital Markets LP in Geneva.
"Despite some news that denies economic stimulus in China, the hope and expectations for such stimulus are being given much more weight. At the same time, volatility remains high with respect to Spain, which markets see as taking over Greece's case."
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