"Draghi rowed back a bit at the press conference, which clearly disappointed the markets"
- Benno Galliker, a trader at Luzerner Kantonalbank AG in Lucerne
Swiss stocks closed mixed on Thursday after the ECB failed to deliver bold measures to combat the crisis on Thursday.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, rose 0.13%, or 8.03 points, to 6,407.30. The broader Swiss Performance Index slid 0.07%, or 4.34 points, to 5,910.99.
"Draghi rowed back a bit at the press conference, which clearly disappointed the markets," said Benno Galliker, a trader at Luzerner Kantonalbank AG in Lucerne, Switzerland.
"The situation seems a bit disoriented. Draghi seems like he'd like to do more, but he can't, and the ECB seems a bit clueless. Investors are fleeing into the safest values like Nestle, Roche and Novartis."
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