© Dukascopy
"European markets remain immensely fragile and at the mercy of the sovereign-debt crisis"
- Jonathan Sudaria, a trader at London Capital Group
Swiss stocks declined for a sixth consecutive day on Thursday after Germany Chancellor Angela Merkel once again opposed to introduction of joint euro-area bonds.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, lost 0.54%, or 29.18 points, to 5,356.96. The broader Swiss Performance Index fell 0.45%, or 21.99 points, to 4,858.16.
"European markets remain immensely fragile and at the mercy of the sovereign-debt crisis," Jonathan Sudaria, a trader at London Capital Group, wrote in a note.