Swiss stocks - Factors to watch on Oct 16
ZURICH Oct 16 (Reuters) - Swiss stocks were expected to open slightly lower on Wednesday as nervous investors waited to see whether talks in Washington to avert a U.S. debt default could lead to a deal before the Oct. 17 deadline.
The Swiss blue-chip SMI was seen opening down 0.2 percent at 7,972 points, according to premarket indications by bank Julius Baer.
The following are some of the main factors expected to affect Swiss stocks on Wednesday.
Swiss Re has agreed to invest as much as $425 million in Hong Kong business man Richard Li's insurance venture, FWD Group, the Swiss reinsurer said in a statement on Wednesday.
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