Swiss stocks - Factors to watch on Sept 23

Wed Sep 23, 2009 2:17am EDT
 
[-] Text [+]

ZURICH, Sept 23 (Reuters) - Swiss shares are set to edge higher, in line with markets across Europe, as investors eye the U.S. Federal Reserve's rate decision later on Wednesday.

The Swiss blue-chip index SMI .SSMI was indicated to open 17 points higher at 6,358 points, pre-market data provided by bank Clariden Leu showed.CLPRE

The following are some of the main factors expected to affect Swiss stocks on Wednesday:

UBS (UBSN.VX)

* A U.S. regulator ordered Citigroup Inc (C.N), UBS AG (UBSN.VX) and Deutsche Bank AG (DBKGn.DE) to pay up to $845,000 in fines and restitution because of communications breakdowns related to the 2006 initial public offering of Vonage Holdings Corp (VG.N).

* Swiss bank UBS AG, which suffered asset outflows in the second quarter, has cut almost 200 jobs in its U.S. wealth management division, a source familiar with the matter said on Tuesday.

For related news click on [UBSN.VX]

ECONOMY [M-CH]

COMPANY STATEMENTS [CNR-CH]

* Oerlikon Solar (OERL.VX) wins solar industry award [OERL.VX]

* Kudelski(KUD.VX): Numericable has chosen Nagravision's widget platform for its "Widget TV" service [KUD.VX]

* Inficon (IFCN.S) publishes half-year report 2009 [IFCN.S]

* Myriad (MYRN.S) Appoints Former Nokia Chief Technologist Benoit Schillings as Chief Technical Officer [MYRN.S]  Continued...

 

Featured Broker sponsored link