Bloomberg News

Swiss Stocks Climb Before Fed Speech; Holcim, SGS Advance

August 31, 2012

Swiss stocks advanced, rebounding from a one-month low.

The Swiss Market Index rose 0.3 percent to 6,397.66 at 10:15 a.m. in Zurich before Federal Reserve Chairman Ben S. Bernanke delivers his annual speech on monetary policy today.

The gauge dropped 0.7 percent yesterday to the lowest level since July 27 as reports from Germany to Japan added to evidence that global growth is slowing while speculation cooled that Bernanke will announce more stimulus.

To contact the editor responsible for this story: Sarah Jones at sjones35@bloomberg.net


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