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"There's a lack of visibility"
- Yves Marcais, a sales trader at Global Equities
Swiss stocks declined on Friday ahead of confidence vote and after world leaders failed to reach a consensus on enlargement of the International Monetary Fund. The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, lost 0.29%, or 16.16 points, to 5,651.89 at 4:08 PM CET. The broader Swiss Performance Index dropped 0.46%, or 23.77 points, to 5,137.95 at 4:08 PM CET.
"There's a lack of visibility," said Yves Marcais, a sales trader at Global Equities in Paris. "We sense something taking form for Greece but don't know how it will unfold. The market will wait and see."
Swiss Federal Statistical Office is to announce change in month on month inflation for October later today. Economists forecast the figure to advance 3 percent from September.