"Moody's decision to put Germany's triple-A bond rating under review is a reminder of just how fragile conditions are in Europe"
- Darren Williams, senior European economist at AllianceBernstein
Swiss stocks declined on Tuesday after Moody's lowered its outlook for Germany and a report showed U.S.
manufacturing expanded at the slowest pace since late 2010.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, retreated 0.09%, or 5.55 points, to 6,174.89. The broader Swiss Performance Index slid 0.01%, or 0.82 points, to 5,723.37.
"Moody's decision to put Germany's triple-A bond rating under review is a reminder of just how fragile conditions are in Europe," said Darren Williams, senior European economist at Alliance Bernstein.
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