"Europe's commitment on lending to banks shows that the region won't let them fail"
- Pierre Mouton, a fund manager at Notz Stucki & Cie.
Swiss stocks retreated on Monday, paring two week gains after the European Central Bank rejected a possibility of setting yield limits on each country's debt.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies fell 0.35% to 6,506.25. The broader Swiss Performance Index erased 0.31%.
Swiss Federal Statistical Office is to announce trade balance data on Thursday. The nation recorded trade surplus of 2.25 billion Swiss francs in June, after posting a surplus of 2.48 billion Swiss francs in May.
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