"After the strong advances we saw last week, we expect the markets to calm down"
- Peter Buergler, a trader at Luzerner Kantonalbank AG
Swiss stocks fell on Monday, snapping last week's winning streak.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, fell 0.23%, or 14.77 points, to 6,326.56. The broader Swiss Performance Index lost 0.16%, or 9.06 points, to 5,805.04.
"After the strong advances we saw last week, we expect the markets to calm down," said Peter Buergler, a trader at Luzerner Kantonalbank AG in Lucerne, Switzerland.
"But this doesn't necessarily mean that the markets will collapse. However, the air has become rather thin and the squeezing price increases could be over for now."
© Dukascopy Bank