ZURICH, Feb 1 (Reuters) - Swiss stocks were set to open lower on Monday, tracking a drop in Wall Street ahead of U.S. macroeconomic data.
The Swiss blue-chip index SMI was indicated to open 34 points lower at 6,407 points, premarket data provided by bank Clariden Leu showed.
The following are some of the main factors expected to affect Swiss stocks on Monday.
BASILEA
* Basilea said it expected its eczema treatment Toctino to achieve sales of 35-45 million Swiss francs ($33.40 million) this year and that it would post an average monthly net operating loss of some 9 million francs.
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UBS
* German politicians were divided at the weekend over whether to buy the bank data of 1,500 possible tax evaders with accounts in Switzerland that media said an informant offered to sell authorities. UBS said reports some of the data pertained to its clients were 'speculation.'
* The chief executive of UBS said he would not take a bonus this year but that employees would receive them, according to a newspaper interview published on Sunday.
* No successor has yet been lined up to follow UBS chief executive Oswald Gruebel, the chairman of the Swiss bank's board of directors was quoted as saying in a newspaper interview on Saturday.
CREDIT SUISSE
* Urs Rohner, Vice Chairman of the board of directors, said banks with a global reach that combined private and investment banking had withstood the financial crisis best.
NESTLE
* The world's biggest food group, said on Saturday it will invest 5 billion pesos ($390 million) in Mexico over the next three years to increase coffee processing capacity, part of a $1 billion expansion plan.
ABBN.VX
* The engineering group said it has stopped taking new orders in Iran with a view to ending operations there, a company spokesman said on Sunday.
RIETER
* Auto parts and textiles company Rieter said it too was not undertaking new contracts in Iran.
OERLIKON, SULZER
* Russian tycoon Victor Vekselberg, facing a hefty fine for violating Swiss disclosure rules, said he will not divest his two Swiss firms.
COMPANY STATEMENTS
* Gurit - Full-year 2009 target market sales of CHF 307.3 million 22.1 percent below FY2008
ECONOMY
* January PMI due at 0830 GMT. Analysts polled by Reuters expect a reading of 55.20.
EQUITY RESEARCH
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for all Swiss stocks
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Keywords: MARKETS SWISS STOCKS (Zurich newsroom +41 58 306 7340, fax 41 44 251 0476, zurich.newsroom@news.reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The Swiss blue-chip index SMI was indicated to open 34 points lower at 6,407 points, premarket data provided by bank Clariden Leu showed.
The following are some of the main factors expected to affect Swiss stocks on Monday.
BASILEA
* Basilea said it expected its eczema treatment Toctino to achieve sales of 35-45 million Swiss francs ($33.40 million) this year and that it would post an average monthly net operating loss of some 9 million francs.
For related news, click on
UBS
* German politicians were divided at the weekend over whether to buy the bank data of 1,500 possible tax evaders with accounts in Switzerland that media said an informant offered to sell authorities. UBS said reports some of the data pertained to its clients were 'speculation.'
* The chief executive of UBS said he would not take a bonus this year but that employees would receive them, according to a newspaper interview published on Sunday.
* No successor has yet been lined up to follow UBS chief executive Oswald Gruebel, the chairman of the Swiss bank's board of directors was quoted as saying in a newspaper interview on Saturday.
CREDIT SUISSE
* Urs Rohner, Vice Chairman of the board of directors, said banks with a global reach that combined private and investment banking had withstood the financial crisis best.
NESTLE
* The world's biggest food group, said on Saturday it will invest 5 billion pesos ($390 million) in Mexico over the next three years to increase coffee processing capacity, part of a $1 billion expansion plan.
ABBN.VX
* The engineering group said it has stopped taking new orders in Iran with a view to ending operations there, a company spokesman said on Sunday.
RIETER
* Auto parts and textiles company Rieter said it too was not undertaking new contracts in Iran.
OERLIKON, SULZER
* Russian tycoon Victor Vekselberg, facing a hefty fine for violating Swiss disclosure rules, said he will not divest his two Swiss firms.
COMPANY STATEMENTS
* Gurit - Full-year 2009 target market sales of CHF 307.3 million 22.1 percent below FY2008
ECONOMY
* January PMI due at 0830 GMT. Analysts polled by Reuters expect a reading of 55.20.
EQUITY RESEARCH
FOR COMPANIES TRADING EX-DIVIDEND, PLEASE CLICK ON:
for all Swiss stocks
for blue chips
for other stocks
Keywords: MARKETS SWISS STOCKS (Zurich newsroom +41 58 306 7340, fax 41 44 251 0476, zurich.newsroom@news.reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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