Swiss stocks - Factors to watch on Nov 16
ZURICH, Nov 16 (Reuters) - Swiss shares were seen opening higher on Monday, in line with other markets across Europe.
The blue chip SMI index .SSMI was expected to open 25 points higher at 6,376 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:
UBS (UBSN.VX)
* UBS may hand over only a small amount of bank data as part of a U.S. settlement because the Internal Revenue Service has succeeded in cracking down on tax evaders, a radio station reported. More than 9,000 Americans had been persuaded to talk about their Swiss bank accounts under a tax amnesty, he added.
* Switzerland's financial regulator FINMA has received no request from UBS to buy back toxic assets transferred to the Swiss central bank last year, FINMA's head was quoted on Sunday as saying.
For related news click on [UBSN.VX]
ADDEX (ADXN.S)
Swiss biotech group Addex Pharmaceuticals said its lead drug candidate met its main target in a mid-stage clinical trial in heartburn, potentially paving the way for a lucrative partnering deal.
For related news click on [ADXN.S]
SWATCH GROUP (UHR.VX)
Swatch Group, the world's largest watchmaker, should post a second-half operating margin at a similar level to the 14.7 percent posted in the first half of the year if the Swiss franc-dollar exchange rate does not deteriorate further, Chief Executive Nick Hayek was quoted as saying in Sonntag.
Hayek also said he expected 2010 to be a "very good year", with America likely to be the only market that will suffer a bit longer.
For related news click on [UHR.VX]
NOVARTIS (NOVN.VX)
Switzerland has approved Novartis AG's Celtura H1N1 swine flu vaccine as it rolls out its national vaccination programme ahead of the winter flu season, regulators said on Friday.
For related news click on [NOVN.VX]
ECONOMY [M-CH]
COMPANY STATEMENTS [CNR-CH]
* Cicor Technologies Ltd. (CICN.S) publishes terms of capital increase and extends credit agreement with banking consortium [CICN.S]
* Swisslog (SLOG.S) formalized an agreement with TargetCorporation, a leading retailer in the USA, to design and implement a new picking and storage system.[SLOG.S]
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
