BRUSSELS (dpa-AFX) - The Swiss stock market is showing losses in mid-day trading on Wednesday. The retreat is part of a general decline in Europe, as jitters about the euro-zone debt crisis continue to put pressure on stocks. Traders are also reacting to news out of Novartis and Roche. The benchmark SMI is down about 1.39 percent to 6,050.00. The SLI has lost 1.12 percent to 918.05. The SPI is lower by 1.21 percent to 5,472.10. Novartis is down 3.6 percent after it released disappointing earnings results. Roche has fallen 2.6 percent on a hostile takeover bid for U.S. diagnostics company Illumina. Roche has bid $5.7 billion for the company, though analysts believe it will likely have to raise its offer to get the deal done.
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