Swiss stocks - Factors to watch on June 26
ZURICH, June 26 |
ZURICH, June 26 (Reuters) - Swiss equities were expected to open slightly higher on Friday, seen tracking gains on Wall Street and Asia, with all eyes on bank UBS, which said late on Thursday it plans to raise more capital.
The blue chip SMI index .SSMI was seen opening 16 points higher at 5,377 points, according to pre-market data from bank Clariden Leu CLPRE. UBS was seen opening down more than 2 percent CLPRE2.
The following are some of the main factors expected to affect Swiss stocks on Friday.
UBS (UBSN.VX) (UBS.N)
* UBS, one of the world's hardest-hit major banks in the global financial crisis, said late on Thursday said it expects to post a second-quarter net loss and plans to raise about 3.8 billion Swiss francs of equity capital.
* The U.S. Justice Department said on Thursday that a client of UBS AG, Steven Rubinstein, pleaded guilty to filing a false tax return for 2004.
For related news, click on [UBSN.VX]
ROCHE (ROG.VX)
Roche filed its MabThera cancer drug for approval in Europe as a first line biologic treatment for rheumatoid arthritis, the Swiss group said on Friday.
For related news, click on [ROG.VX]
NOVARTIS (NOVN.VX)
European regulators have broadened approval for Novartis' bone drug Aclasta to treat osteoporosis caused by steroid treatment in men and postmenopausal women.
For related news, click on [NOVN.VX]
CREDIT SUISSE (CSGN.VX)
Credit Suisse appointed CIO Karl Landert to its executive board.
For related news, click on [CSGN.VX]
ECONOMY [M-CH]
* The Swiss National Bank extended its foreign exchange swap agreements with the European Central Bank and the central banks of Poland and Hungary and will also continue to offer dollar liquidity.
For related news, click on [M-SNB-CH]
* The KOF growth barometer for June is due at 0930 GMT. Economists expect the indicator to rise to -1.76 from -1.86 in May.ECONCH
COMPANY STATEMENTS [CNR-CH]
* Santhera (SANN.S) Enters Agreement with Columbia University to Investigate Additional Potential of Catena in MELAS [SANN.S]
EQUITY RESEARCH [CH-RCH]
FOR COMPANIES TRADING EX-DIVIDEND, PLEASE CLICK ON:
.EX.S for all Swiss stocks
.EXSMI.S for blue chips
.EXNSMI.S for other stocks
- Tweet this
- Link this
- Share this
- Digg this
- Reprints


Follow Reuters