Zurich, Switzerland (GenevaLunch) - The Swiss stock market, like other major markets, opened lower this morning and prices continued to fall, with analysts saying the markets are trying to find the right balance.

The positive impact of key central banks’ actions this week caused markets to rise Monday and Tuesday, but growing concerns about recession in several countries caused back-pedaling Wednesday morning. In Switzerland, shares of the two large banks, UBS and Credit Suisse, fell by 4.6% and 7.3% respectively, in morning trading. Credit Suisse continues nevertheless to appeal to investors because of its relative apparent solidity.

Posted by :: Ellen Wallace on 15 October 2008 at 15:14 | permalink
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News story, GenevaLunch, 15 October 2008.

Filed under: Business

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