"There is a lot of hope that both the Fed and the European Central Bank will take actions to support their economies"
- Pierre Mouton, a fund manager at Notz Stucki & Cie.
Swiss stocks broke a four-day winning streak on Tuesday after companies from BP Plc to UBS AG reported weaker than expected earnings.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, slid 0.05%, or 3.11 points, to 6,399.27. The broader Swiss Performance Index lost 0.05%, or 2.88 points, to 5,915.33.
"No one expected earnings to be very good," said Pierre Mouton, a fund manager at Notz Stucki & Cie. in Geneva. "After a couple of spectacular trading sessions, it is an opportunity to lock in gains."
"There is a lot of hope that both the Fed and the European Central Bank will take actions to support their economies," added Mr Mouton. "There is a risk that the market will be disappointed if the Fed's announcement doesn't meet investors' expectations."
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