"Expectations for the summit are low"
- Jonathan Sudaria, a dealer at Capital Spreads
Swiss stocks lost ground on Thursday, snapping two days of gains.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, retreated 0.16%, or 9.68 points, to 5,986.85. The broader Swiss Performance Index erased 0.23%, or 12.90 points, to 5,551.89.
"Expectations for the summit are low as it looks set to be a more formal rehash of the current stalemate where Spain and Italy and other weaker nations plead for euro bonds and Germany's Angela Merkel bluntly repeats her opposition," Jonathan Sudaria, a dealer at Capital Spreads in London, wrote in a note to clients.
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