"Investors are still reluctant to act and want more clarity amid continuing uncertainty"
- Peter Buergler, a trader at Luzerner Kantonalbank AG
Banks in Switzerland were closed on Tuesday in observance of Labor Day.
Swiss stocks closed lower on Monday.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, retreated 0.33%, or 20.02 points, to 6,096.34. The broader Swiss Performance Index fell 0.12%, or 6.79 points, to 5,697.40.
"The stock markets are in a kind of conflict between good quarterly results of companies and economic data that tend to be worse than expected, especially in Europe," said Peter Buergler, a trader at Luzerner Kantonalbank AG in Lucerne, Switzerland.
"Investors are still reluctant to act and want more clarity amid continuing uncertainty."
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