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"Volatility on the markets is enormously high"
- Christian Schmidt, a technical analyst for equities at Helaba Landesbank Hessen-Thueringen
Swiss stocks extended losses on Friday on concern that European top officials don't have a solution to the sovereign debt crisis and after France and Germany clashed over the role of the ECB in financial crisis management.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, lost 0.53%, or 30.01 points, to 5,614.61. The broader Swiss Performance Index declined 0.61%, or 30.99 points, to 5,091.26.
Swiss Federal Statistical Office is to announce trade balance data on Tuesday. Economists expect trade balance to widen to 2.06 billion francs in October from 1.85 in September.