"There are many negative factors weighing on the market, notably the uncertainty associated with the sovereign-debt crisis and a weak outlook for earnings"
- Nathalie Benatia and Christopher Jeffery, strategists at BNP Paribas
Swiss stocks extended losses on Thursday after German Finance Minister Wolfgang Schaeuble said that more time for Greece would not solve the nation's problems.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies lost 0.33% to 6,453.91. The broader Swiss Performance Index erased 0.34%.
"There are many negative factors weighing on the market, notably the uncertainty associated with the sovereign-debt crisis and a weak outlook for earnings," said Nathalie Benatia and Christopher Jeffery, strategists at BNP Paribas.
"However, these are currently being offset by market anticipation of further policy assistance. We expect this anticipation to build over the coming weeks."
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