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Swiss Stocks Falling Amid General European Weakness

The Swiss stock market is showing weakness in mid-day trading on Monday.

The retreat is part of an overall decline among the European markets. Germany and France are each down more than 1.2 percent, as investors await a German vote on the Greek bailout package.

The benchmark SMI is down 1.27 percent to 6,105.77. The SLI has fallen 1.04 percent to 933.54. The SPI has retreated 0.53 percent to 5,577.09. The slide is adding to weakness the Swiss market has shown lately. This includes a mild decline posted last Friday.

Novartis is one of the notable losers on the day, falling 3.6 percent. However, the slide is mostly the result of a dividend deduction.

Transocean is climbing 2.3 percent, one of the best performers among the blue chips. This after the company released its financial results.

by RTTNews Staff Writer

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