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The Swiss Stock Market Finished With A Slight Loss Wednesday

The Swiss stock market ended Wednesday's trading session with a slight decline. The market was directionless for the majority of the day. The weak opening of the U.S. markets contributed to the Swiss market's weakness in the afternoon.

There was very little news to drive the market in any particular direction Wednesday. Investors remain nervous due to uncertainty about the monetary policy of major central banks. Markets are expected to be volatile at least until the U.S. FOMC meeting next week.

The Swiss Market Index declined by 0.21 percent Wednesday and finished at 7,656.83. The Swiss Leader Index fell by 0.53 percent and the Swiss Performance Index lost 0.22 percent.

Financial stocks turned in a weak performance, especially the big banks. Credit Suisse and UBS both declined by 2.1 percent and Julius Baer dropped by 2.2 percent.

Holcim was one of the largest decliners at the middle of the week, with a loss of 3.1 percent. Transocean dropped by 2.6 percent and Sika lost 1.5 percent.

by RTTNews Staff Writer

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