Swiss stocks - Factors to watch on Feb 8

ZURICH | Mon Feb 8, 2010 2:11am EST

ZURICH Feb 8 (Reuters) - Swiss shares were seen opening higher on Monday, in line with markets across Europe, after U.S. markets recovered on Friday.

The blue chip SMI index .SSMI was seen opening 20 points higher at 6,284 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 Monday.

SWISS BANKS

Switzerland must consider the automatic exchange of tax information with European Union governments if Swiss banks are to have unlimited access to EU markets, the country's finance minister said in an interview published on Sunday.

For related news click on [BNK-CH]

UBS (UBSN.VX)

The United States is unwilling to re-enter talks to alter a key deal struck with Switzerland to end a damaging tax case against Swiss banking group UBS AG (UBS.N) (UBSN.VX), the U.S. ambassador in Berne was quoted saying in a Swiss Sunday paper.

For related news click on [UBSN.VX]

ADDEX (ADXN.S)

Addex says ADX71943 demonstrated statistically significant analgesic-like effects in three preclinical models of pain.

For related news, click on [ADXN.S]

COMPANY STATEMENTS [CNR-CH]

ECONOMY [M-CH]

* The Swiss unemployment rate rose to a non-seasonally adjusted 4.5 percent in January from 4.4 percent in the previous month, the State Secretariat for Economic Affairs said on Monday.

* Swiss retails sales for December are due to be published at 0815 GMT

EQUITY RESEARCH [CH-RCH]

* JP Morgan raises Swatch Group AG (UHR.VX) price target to Sfr 300 from Sfr 157; rating overweight [UHR.VX]

* RBS raises Zurich Financial Services AG (ZURN.VX) price target to Sfr 310 from Sfr 290; rating buy [ZURN.VX]

* UBS raises Syngenta (SYNN.VX) price target to 330 Sfr from 320 Sfr, rating buy, traders said [SYNN.VX]

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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