"The general problems aren't solved, but it [bailout for Spain] is of course an important step"
- Alessandro Fezzi, senior market analyst at LGT Capital Management AG
Swiss stocks were little changed on Monday after Spain asked for 100 billion euros to bailout its banking system.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, gained 0.03%, or 2.03 points, to 5,871.35. The broader Swiss Performance Index increased 0.05%, or 2.76 points, to 5,473.79.
"The general problems aren't solved, but it's of course an important step," said Alessandro Fezzi, senior market analyst at LGT Capital Management AG in Pfaeffikon, Switzerland.
"It is at least some kind of relief in the euro zone."
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