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Swiss stocks to perform "very well in 2012"
- Sean Darby, global head of equity strategy at Jefferies Group Inc.
Swiss stocks declined on Friday as Standard and Poor's warned that European exports may weaken further in 2012. Despite this forecast, Swiss stocks will perform "very well in 2012," said Sean Darby, global head of equity strategy at Jefferies Group Inc.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, decreased 0.88%, or 50.64 points, to 5,733.50. The broader Swiss Performance Index dropped 0.74%, or 38.48 points, to 5,161.69.
Swiss Federal Statistical Office is to announce trade balance data for November on Tuesday. Economists expect the reading to widen to 2.47 billion from 2.15 billion in October.