- Alessandro Fezzi, a senior market analyst at LGT Capital Management AG
Swiss stocks retreated on Tuesday as returns on Spanish government securities rose and U.S. factory orders increased less than forecast.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, fell 0.65%, or 40.72 points, to 6,258.66. The broader Swiss Performance Index edged lower 0.52%, or 30.01 points, to 5,757.13.
"Though investors have become slightly more cautious, sentiment remains quite robust," said Alessandro Fezzi, a senior market analyst at LGT Capital Management AG in Pfaeffikon, Switzerland.
"Let's not forget that the scenario for the world economy, especially Europe, is still far from being brilliant or sustainable."
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