"The global uncertainties and weakening of the global economy are weighing on markets…"
- Benno Galliker, a trader at Luzerner Kantonalbank AG
Swiss stocks were little changed on Thursday.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies climbed 0.01% to 6,421.96. The broader Swiss Performance Index gained to 5,932.29.
"The global uncertainties and weakening of the global economy are weighing on markets…," said Benno Galliker, a trader at Luzerner Kantonalbank AG in Lucerne, Switzerland.
"Investors don't seem to want to hold large equity positions before the upcoming central bank meetings, in case of another disappointment. We may be seeing some selling off before September, which is often the weakest month of the year."
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