Business · Markets · 10 hrs ago

Swiss stocks rise as bond markets stabilize and EU-China trade tensions ease

Swiss stocks rise as bond markets stabilize and EU-China trade tensions ease

Swiss stocks rose on Monday, extending gains from the previous Friday.

The main Swiss Market Index, or SMI, gained 0.66% to close at 13,877.84 points.

A continued stabilization in bond markets and easing trade tensions between the European Union and China supported shares.

Higher oil prices limited investors’ enthusiasm, while trading news was otherwise light.

Shares in drugmaker Galderma and several medical technology companies rose, while staffing company Adecco fell 8.2% after a competitor reported disappointing results.

Investors are watching for US inflation figures expected in the middle of the week.

US banks are also due to begin their earnings season on Tuesday, which could influence markets.

Sources

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