Lars Knudsen News
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European stocks rose to the highest this month after the Bank of England announced credit-easing measures, boosting optimism central banks will take steps to stimulate the global economy.
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Swiss stocks fell by the most in four weeks as demand declined at a Spanish bond auction and minutes from the Federal Reserve’s last meeting reduced expectations for additional monetary stimulus.
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Stocks in Switzerland fluctuated near the benchmark Swiss Market Index’s highest level since April 2010 as Syngenta AG posted profit that beat analysts’ estimates and Transocean Ltd. announced a dividend.
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Most Swiss stocks gained, led by UBS AG and Credit Suisse Group AG after the head of a group of euro- region finance ministers hinted at further measures to stop Greece defaulting on its debt.
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Stocks in Switzerland fell, trimming a weekly gain for the benchmark Swiss Market Index, as investors awaited details of Ireland’s bailout and China ordered its banks to set aside larger reserves for the fifth time this year.
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Swiss stocks dropped as Greece and Portugal’s credit ratings were cut by Standard & Poor’s and consumer demand in Switzerland fell for a second month.
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Swiss stocks were little changed, trading near a 2 1/2 month low, as investors awaited a report on U.S. unemployment claims and Nestle SA declined, offsetting chemical companies which rose.
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European stocks climbed the most in 16 months amid speculation policy makers will increase efforts to contain the region’s sovereign-debt crisis.
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European stocks declined for a fourth week, led by banks and carmakers, as concern escalated that the global economy is slowing and as the leaders of the euro area failed to restore investor confidence.
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European stocks declined for a second day as a spat between Germany and France over the role of the region’s central bank in ending the debt crisis outweighed better-than-forecast U.S. economic data.
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