Swiss stocks - Factors to watch on Dec 5
ZURICH Dec 5 (Reuters) - Swiss stocks were set to open higher on Wednesday, tracking gains in Asia after China's new leader made reassuring comments about economic policies.
The Swiss blue-chip SMI was seen rising 0.2 percent to 6,865 points, according to premarket indications from bank Julius Baer.
The following are some of the main factors expected to affect Swiss stocks on Wednesday:
* UBS Wealth Management Americas released its 2013 compensation plan to its financial advisers on Tuesday, announcing changes that will give them incentives to sell a wider range of products and bring in more revenue.
* A U.S. judge has sided with a UBS AG request for arbitration in a proposed class-action lawsuit seeking overtime pay brought by three former financial advisers at a brokerage unit of the bank.
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The Swiss chocolate maker holds its annual general meeting.
* Swiss Prime Site AG successfully completes sale of shares following rights offering.
- U.S.'s Kerry expresses regret to India over diplomat case |
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- Mega Millions winners in Georgia, California to split $648 million |
- China confirms near miss with U.S. ship in South China Sea
- Fed cuts bond buying in first step away from historic stimulus |