"If the euro weakens due to global risk aversion toward $1.20, we would expect dollar-franc to reach parity"
- Bernd Berg, Foreign-Exchange Strategist at Credit Suisse in Zurich
The Swiss stock market ended Monday with a moderate gain, fluctuating in a 30 point trading range during the day.
Investors were concerned about Chinese economic growth early that day, after the Chinese Premier made a statement. The IMF's reduced world economic outlook and weaker than anticipated US retail sales figures did not have a strong impact on the stock market direction.
The Swiss Market Index rose by 0.22% on Monday to 6,195.61. The Swiss Leader Index climbed by 0.17% and the Swiss Performance Index gained 0.19%.
"If the euro weakens due to global risk aversion toward $1.20, we would expect dollar-franc to reach parity," said Bernd Berg, Foreign-Exchange Strategist at Credit Suisse in Zurich.
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