Swiss stocks edged slightly higher on Wednesday, as a rally in the last hour drove the SMI Index to its best levels of the day.
Markets around Europe were relaxed ahead of key talks among European Union members, even though German Chancellor Angela Merkel said her country would refuse any efforts to introduce eurobonds.
The SMI stock market barometer closed higher by 0.65 percent to 5,996. 53 points, after touching a high of 6,005.36. The Swiss Leader Index (SLI) gained 0.88 percent to 888.98 and the broad Swiss Performance Index (SPI) rose 0.66 percent to 5,564.79.
Adecco shares jumped 5.7 percent on a broker upgrade. Defensive stocks rose, led by Swisscom. Roche was up fractionally, while Nestle was little changed.
by RTT Staff Writer
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