Bloomberg News

Swiss Stocks Are Little Changed; UBS Shares Decline

July 04, 2012

Swiss stocks were little changed after the Swiss Market Index reached the highest level in more than two months yesterday, while investors awaited tomorrow’s central-bank policy meetings.

The SMI (SMI) slipped 0.1 percent to 6,190.97 at 3:53 p.m. in Zurich. The gauge has rallied 4.4 percent this year as the European Central Bank disbursed 1 trillion euros ($1.26 trillion) to financial companies and the region’s leaders opened the door to directly recapitalizing lenders using the European Stability Mechanism. The Swiss Performance Index added less than 0.1 percent today.

To contact the reporter on this story: Corinne Gretler in Zurich at cgretler1@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net


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