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- Emmanuel Soupre, fund manager at Neuflize Private Assets
Swiss stocks declined for a second consecutive day on Friday on concern euro-area leaders have no additional measures to combat the debt crisis.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, dropped 0.21%, or 12.74 points, to 6,013.83. The broader Swiss Performance Index edged lower 0.20%, or 11.11 points, to 5,411.09.
"The U.S. can't exonerate the rest of the world," said Emmanuel Soupre, fund manager at Neuflize Private Assets in Paris.
"The problems in Europe are chronic. Foreseeing an improvement in the U.S. doesn't mean the improvements will extend beyond America. It's best to remain cautious."