"The mood in the background seems to remain good"
- Jean-Paul Jeckelmann, chief investment officer at Banque Bonhote & Cie.
Swiss stocks retreated for a second day on Wednesday after a report showed U.S. durable goods orders increased less than expected in February.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, lost 0.30%, or 18.95 points, to 6,250.43. The broader Swiss Performance Index fell 0.40%, or 22.83 points, to 5,726.65.
"We are coming to the end of the quarter and some window dressing is going on," said Jean-Paul Jeckelmann, chief investment officer at Banque Bonhote & Cie. in Neuchatel, Switzerland.
"The mood in the background seems to remain good and in the last few weeks, corrections have been very short-lived as a lot of cash still remains on the sideline waiting to re-enter the market."
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