Swiss selloff pushes European indexes lower after franc rally

viernes 16 de enero de 2015 05:38 GYT

* Swiss stocks slide 5.3 pct as franc leap triggers growth scare

* FTSEurofirst 300 down 0.7 pct

* Still up 2.6 pct on the week

* Greek shares fall as two banks ask for liquidity support

By Francesco Canepa

LONDON, Jan 16 (Reuters) - A fresh slide in Swiss stocks pushed pan-European indexes lower on Friday as investors further marked down Swiss franc-denominated equities a day after the shock lifting of the central bank's cap on the currency.

Watchmaker Swatch and private bank Julius Baer led a 5.3 percent slide in Zurich's SMI index as analysts and traders warned of a hit to Swiss exporters' and investors' returns after the franc rallied sharply against the euro and the dollar on Thursday.

"The likelihood is that the Swiss economy will have to be completely recalculated," Lorne Baring, managing director of Geneva-based wealth management firm B Capital said.

"Tourism and exporters will feel this... and Swiss investors with euro zone and U.S. holdings will feel betrayed by the Swiss National Bank."   Continuación...