Swiss Stocks Climb as ECB Holds Interest Rate; Swiss Re Advances
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Swiss stocks advanced as the European Central Bank left its benchmark interest rate at a historic low, amid speculation on the timing of a Spanish bailout.
Swiss Re Ltd. rose 2.1 percent, leading a gauge of European insurance companies higher. Nobel Biocare Holding AG slumped 4.3 percent after the world’s second-largest maker of dental implants cut its profit forecast.