"We go into the Jackson Hole conference with the market adjusted to more reasonable expectations of what Ben Bernanke will deliver"
- Chris Weston, an institutional trader at IG Markets in Melbourne
Swiss stocks fell on Thursday ahead of Federal Reserve Chairman Ben Bernanke speech at Jackson Hole Symposium.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies fell 0.68% to 6,378.29. The broader Swiss Performance Index declined to 5,892.47.
"We go into the Jackson Hole conference with the market adjusted to more reasonable expectations of what Ben Bernanke will deliver," Chris Weston, an institutional trader at IG Markets in Melbourne, wrote in a note to clients.
"With expectations lowered and consensus calling for limited real market moving rhetoric from Bernanke, perhaps this is the time when the potential for volatility can be at its greatest and a surprise could be in store."
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