"The market has been overbought in the short term after the ECB announcement"
- Henrik Henriksen, the chief investment strategist at PFA Pension
Swiss stocks depreciated on Tuesday before a highly anticipated German court ruling on Wednesday.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies fell 0.07 per cent to 6,503.30. The broader Swiss Performance Index slid 0.04 per cent to 6,022.10.
"The market has been overbought in the short term after the ECB announcement," said Henrik Henriksen, the chief investment strategist at PFA Pension A/S in Copenhagen.
"While the market seems to have grown increasingly confident that the Fed will embark on a fresh round of asset purchases, there is still a sizable degree of skepticism," said Cameron Peacock, a trader at IG Markets in Melbourne.
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