Swiss Equities Climb On Easing Tech Fears, Oil Price Decline

Swiss stocks closed higher on Tuesday, in line with markets across Europe, as easing worries about tech valuations, optimism about U.S.-Iran peace talks and weak oil prices aided sentiment.

Data from the U.S. showing a sharp rise in manufacturing activity in the world’s largest economy helped as well.

Despite some uncertainty about Iran and the U.S. engaging in any meaningful talks, there is a bit of optimism about the two countries reaching a deal to reopen the Strait of Hormuz within the next couple of days.