MARKET COMMENT: Zurich Stocks End Week With Gains
February 07 2014 - 12:30PM
Dow Jones News
ZURICH--SMI rises 1.22% to 8318.60. 18 shares in the index close
with gains, compared to just two in the red. Credit Suisse
(CSGN.VX) is among the small group of losers, falling 0.87% one day
after the bank posted fourth-quarter results weighed down by hefty
legal provisions. Rival UBS (UBSN.VX) rises 0.22%, days after
posting a swing to fourth-quarter profit. Shares of Julius Baer
(BAER.VX) fall 2.36%, after the bank reported Monday that an
ongoing acquisition may pull in fewer assets than hoped for. Nestle
(NESN.VX), Swiss Re (SREN.VX) and Zurich Insurance (ZURN.VX) are
among those closing with greater than 1% gains.
Write to Zurich bureau at djnews.zurich@dowjones.com
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