"Market participants are somehow realizing again that the Greek problem is far from over"
- Stephane Ekolo, chief European strategist at Market Securities
Swiss stocks lost ground on Monday after Greece and private bondholders failed to finalize a debt swap agreement the previous week.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, tumbled 1.04%, or 62.78 points, to 5,970.74. The broader Swiss Performance Index lost 1.09%, or 59.59 points, to 5,404.29.
The Federal Statistical Office is expected to announce year-on-year retail sales on Wednesday. Sales rose 1.8 per cent in November after increasing a revised 0.1 per cent in October.
© Dukascopy Bank