Bloomberg News

Swiss Stocks Advance; Syngenta, Transocean, ABB, SGS Climb

June 09, 2011

June 9 (Bloomberg) -- Swiss stocks increased, rebounding from a 2 1/2 month low, as European Central Bank President Jean- Claude Trichet signaled that the bank will raise interest rates next month to contain inflation.

Syngenta AG, the world’s biggest producer of crop- protection chemicals, gained 2 percent. Straumann Holding AG, a dental implant maker, slumped 2.1 percent.

The Swiss Market Index of the biggest and most actively traded companies climbed 0.3 percent to 6,277.5 at 3:55 p.m. in Zurich. Even so, the measure has fallen 6.9 percent from this year’s high on Feb. 18 as U.S. manufacturing and payroll reports fueled concern that the recovery in the world’s largest economy is faltering. The broader Swiss Performance Index also increased 0.3 percent.

To contact the editor responsible for this story: Will Hadfield at whadfield@bloomberg.net


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus