July 1, 2019 / 6:06 AM / 3 months ago

Swiss blue-chip index set to open higher as bourse row begins

ZURICH, July 1 (Reuters) - The blue-chip Swiss Market Index was set to open 0.7% higher on Monday, pre-market indications from Julius Baer showed, as the first shots were fired in a tit-for tat stock market battle between Switzerland and the European Union.

European stock investors and brokers were rushing to find workarounds before Swiss shares are blocked from trading on EU exchanges after a collapse in talks to resolve a dispute between Brussels and Switzerland.

In a heated row over a stalled partnership treaty, Switzerland said on Thursday that it would trigger retaliatory measures against the European Union for forbidding access to its stock markets. (Reporting by Michael Shields; Editing by John Miller)

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