"Amid fears that Europe's sovereign-debt crisis is taking another turn for the worse, debate has intensified if global equities are set for a period of medium-term weakness"
- Cameron Peacock, a market strategist at IG Market
Swiss stocks closed little changed near a one month low on Wednesday.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, declined 0.03%, or 1.61 points, to 6,059.82. The broader Swiss Performance Index gained 0.04%, or 1.98 points, to 5,578.04.
"Amid fears that Europe's sovereign-debt crisis is taking another turn for the worse, debate has intensified if global equities are set for a period of medium-term weakness," said Cameron Peacock, a market strategist at IG Market in Melbourne.
"With investors still sitting on healthy profits, the ‘sell in May and go away' mentality might have arrived early this year, and could see equities trade with a negative bias over the remainder of the first half."
© Dukascopy Bank