Pursuits
Swiss Stocks Jump as Central Bank Imposes Ceiling on Franc Rate
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Swiss stocks jumped, rebounding from their largest two-day drop since March 2009, after the central bank set a ceiling on the franc’s exchange rate for the first time in more than three decades.
Swatch Group AG, the world’s biggest maker of watches, rallied 4.3 percent. Transocean Ltd., the largest offshore oil driller, soared 12 percent. Novartis AG, Europe’s biggest drugmaker, surged 6.8 percent.