Swiss shares fluctuate as banks rally and Adecco drops

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters

Swiss Market Index swung between rewards and losses as biggest Swiss banks extended gains on approved Italian austerity measures while Adecco, the world's biggest recruiter of part-time workers, declined. Today Credit Suisse climbed 1.6% reaching 23.24 Swiss francs while UBS AG advanced 1.3% to 11.51 Swiss francs. Adecco lost 2.7% to 39.25 francs. 

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Mon, 05 Dec 2011 13:57:00 GMT

Spain's industrial production level dropped in October

Spanish industrial output declined 4% in October, said Spain's statistics agency on Monday. October's drop is the worst reading during a year compared to 1.4% contraction in September. Output decreased in all industrial areas. Durable goods lost 14%, energy output edged down 7.6% while intermediate goods gave up 5.8%. Falling output may be a signal that Spain's economy will contract in the last quarter. 

Mon, 05 Dec 2011 14:00:06 GMT

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