This week the Swiss Stock Market saw modest gains, continuing the positive trend from last weeks solid performance.
Many believe the United States’ increasing employment rate is to thank for the improving Swiss economy.
As Nasdaq explains, “The overall attitude among investors remained one of caution Monday, due to concerns over Greece. Eurozone finance ministers are meeting in Brussels today to take note of the Greek government’s progress in the implementation of structural reforms in exchange for bailout funds. It was reported just before the close that the Greek government has ‘executed’ the order to make a scheduled loan repayment of 750 million euro to the International Monetary Fund tomorrow.”
This past week, the Swiss Market Index rose .26% and finished at 9,117.33. This is some the highest values we have seen this fiscal year. Shares across the whole market have improved drastically.
Nasdaq stated, “Shares of UBS began trading ex-dividend on Monday and ended the session higher by 0.1 percent. Credit Suisse climbed by 1.2 percent and Julius Baer added 0.6 percent.”
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