"The risk of a correction is very present as markets have gotten off to a strong start to the year"
- Mikkel Kierkegaard Petersen, a senior equity adviser at Nordea Private Banking
Swiss stocks closed mixed on Monday after the Group of 20 rejected calls to boost the International Monetary Fund's resources to combat the region's debt crisis.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, fell 0.65%, or 40.21 points, to 6,143.92. The broader Swiss Performance Index gained 0.06%, or 3.64 points, to 5,610.20.
"Doubt is weighing on equity markets," said John Plassard, director at Louis Capital Markets SA in Geneva. "Investors know Germany has always shown resistance to a higher firewall and that causes some tension."
© Dukascopy Bank