Swiss stocks erased Friday's gains on Monday

Note: This section contains information in English only.
Source: Dukascopy Bank
"The risk of another Greek election is almost 100 percent while the biggest party according to polls is against the euro"
- Witold Bahrke, a senior strategist at PFA Pension A/S

Swiss stocks lost ground on Monday on concern Greece will exit the Eurozone.

The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, fell 1.33%, or 79.22 points, to 5,875.66. The broader Swiss Performance Index lost 1.39%, or 77.36 points, to 5,495.76.

"The risk of another Greek election is almost 100 percent while the biggest party according to polls is against the euro," said Witold Bahrke, a senior strategist at PFA Pension A/S in Copenhagen.

"Other European politicians are increasingly playing hardball, so the risk of Greece leaving the euro is surely on the rise."

© Dukascopy Bank

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