Swiss stocks - Factors to watch on Feb 5
ZURICH |
ZURICH Feb 5 (Reuters) - Swiss shares were seen opening lower on Friday, in line with other European bourses following a broad and sharp selloff on Thursday, when Wall Street closed at three month lows after the release of weak U.S. jobs data.
The blue chip SMI index .SSMI was seen opening 19 points lower at 6,378 points, according to pre-market data from bank Clariden Leu CLPRE.
The following are some of the main factors expected to affect Swiss stocks on Friday:
JULIUS BAER (BAER.VX)
Julius Baer said the flow of client money into the Swiss private bank slowed last year as international tax clampdowns prompted many off-shore customers to repatriate funds.
For related news, click on [BAER.VX]
SYNGENTA (SYNN.VX)
Syngenta, the world's largest agrochemicals company, plans to return some $750 million to shareholders this year, unexpectedly announcing a share buyback as well as an unchanged dividend.
For related news, click on [SYNN.VX]
UBS (UBSN.VX) (UBS.N)
* A Florida man has pleaded guilty to hiding some $10 million in foreign bank accounts including at the Swiss banking giant UBS AG (UBSN.VX), the U.S. Department of Justice said on Thursday.
* The U.S. wealth management division of UBS said on For related news click on [UBSN.VX]
SWATCH GROUP (UHR.VX)
Swatch group CEO says group is aiming for best ever year in 2010, but will have to watch out for exchange rates.
For related news click on [UHR.VX]
COMPANY STATEMENTS [CNR-CH]
* Nobel Biocare (NOBN.VX) signs Preferred Partner Agreement with VITA [NOBN.VX]
ECONOMY [M-CH]
* The Swiss National Bank was seen selling francs for euros in Asian trading time on Friday, three people who saw the action said. [SNB]
* KOF research institute is due to publish results of its quarterly business survey on Friday.
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
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