Swiss stock market pulled back on investors concerns over Greece and Spain

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Source: Dukascopy Bank SA
"Spain and Greece are once again in the spotlight, with the formal approval of a bank bailout for the former providing little solace as speculation of a full scale sovereign bailout grows"
- Credit Agricole

Along with the most of European markets, the Swiss stock market pulled back due to investors' worries over troubled Spain and Greece.

The SMI, the Swiss blue-chip index, a measure of the largest and most actively traded companies, lost 1.66% and closed at 6,180.44. The Swiss Leader Index fell by 2.09% and the Swiss Performance Index declined by 1.71%.

"Spain and Greece are once again in the spotlight, with the formal approval of a bank bailout for the former providing little solace as speculation of a full scale sovereign bailout grows," said Mitul Kotecha of Credit Agricole.

© Dukascopy Bank SA
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