1603 GMT [Dow Jones] SMI ends 0.6% higher at 7977.54 as European equities are lifted by a flurry of encouraging earnings reports and strong German manufacturing data. Swatch and SGS are the only stocks in Zurich's benchmark index to suffer declines, down 0.2% and 0.5% respectively. The big banks each see gains, with UBS closing 1.4% higher and Credit Suisse up 2.4%. Holcim rises 2.2% ahead of the release of its 1Q results due Wednesday morning. (john.letzing@wsj.com)

 
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