This past weeks market gain in the Swiss Stock Market is seeing a modest increase after last weeks solid performance. The United States increased employment rate has helped the market in Switzerland drastically. Nasdaq explained, “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 in this fiscal year. Shares across the whole market have improved drastically.
Nasdaq explained, “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.”