The Swiss stock market is showing modest strength in mid-day trading on Thursday.
A general advance among the European markets is carrying Swiss stocks along, though the gains are less pronounced than in other markets. Germany and France are each up about 1.3 percent, while the gain in the U.K. is nearly 1 percent.
The benchmark SMI is higher by 0.2 percent at 6,551. The SLI is gaining 0.2 percent at 1,022.87. The SPI is climbing 0.2 percent at 6,022.41.
For the afternoon, traders are turning their attention to the U.S., where a set of economic reports is scheduled to be released. These include a regional manufacturing survey and information about the housing market.
Richemont is a notable loser on the session. The stock is down 3.3 percent after the company reported disappointing financial figures. The results are weighing on shares of Swatch as well, which are down 0.6 percent.
On the other side of the ledger, Syngenta and Logitech are among the notable gainers on the day. Syngenta is up 1.9 percent, while Logitech is showing a 1.6-percent advance.
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