Dynamic Wealth Management Headlines: Swiss Stocks Decline on U.
S.
Debt Deadlock; Credit Suisse
Slips
http://www.
sfgate.
com/cgi-bin/article.
cgi?f=/g/a/2011/07/24/bloomberg1376-LOVQ9Q07SXKX0136O5335J5N0UV0AIIJQMF1DV27.
DTL
July 25 (Bloomberg) — Swiss...
More
Dynamic Wealth Management Headlines: Swiss Stocks Decline on U.
S.
Debt Deadlock; Credit Suisse
Slips
http://www.
sfgate.
com/cgi-bin/article.
cgi?f=/g/a/2011/07/24/bloomberg1376-LOVQ9Q07SXKX0136O5335J5N0UV0AIIJQMF1DV27.
DTL
July 25 (Bloomberg) — Swiss stocks retreated, with the benchmark Swiss Market Index failing to build
on last week’s gains, as Democrats and Republicans didn’t agree to increase the U.
S.
debt ceiling.
Credit Suisse Group AG led banking stocks lower, sinking 3.
9 percent.
Zurich Financial Services AG,
UBS AG and Julius Baer Group Ltd.
all declined at least 1.
5 percent.
Roche Holding AG advanced 2
percent after BofA Merrill Lynch Global Research upgraded the world’s biggest maker of cancer drugs.
The SMI, a measure of the largest and most actively traded companies, slipped 0.
2 percent to 6,017.
49 at
the 5:30 p.
m.
close in Zurich.
The SMI has declined 10 percent since its peak this year on Feb.
18.
The
broader Swiss Performance Index decreased 0.
3 perc
Less
