"The phase of 'all is well' was at the start of the year; now we're returning to reality"
- Yves Maillot, the head of investments at Robeco Gestions SA
Swiss banks were closed on Monday in observance of Easter Monday.
Swiss stocks were little changed on Thursday. The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, lost 0.05%, or 3.30 points, to 6,163.49 on Thursday. The broader Swiss Performance Index retreated 0.01%, or 0.40 points, to 5,670.32.
"The phase of 'all is well' was at the start of the year; now we're returning to reality," said Yves Maillot, the head of investments at Robeco Gestions SA in Paris.
The declines in stocks "are normal when you see the nervousness on the bond market."
© Dukascopy Bank