Daily brief
The Swiss franc has surged to its highest level in a decade as traders seek what they describe as the last reliable safe-haven currency.
Switzerland's government plans to raise the value-added tax for a decade to finance a major overhaul of its military.
The European Central Bank would need to take action if the euro continues to gain strength, according to Austria's central bank governor.
Egon Zehnder has elected German Herrera as its new chair.
Shares of Danone and Nestlé continue to decline following recent health warnings related to baby formula.