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Swiss stocks - Factors to watch on March 15

Stocks

   

ZURICH, March 15 | Mon Mar 15, 2010 3:22am EDT

ZURICH, March 15 (Reuters) - Swiss shares are set to drop at the open, following a fall in Asian equities.

The Swiss blue-chip index SMI.SSMI was indicated to fall 8 points to 6,829 points at the open, premarket data provided by bank Clariden Leu showed.CLPRE

The following are some of the main factors expected to affect Swiss stocks on Monday.

NOVARTIS (NOVN.VX)

The diabetes drug Starlix failed to reduce progression to the disease or cut down on serious heart problems in patients at high risk for both diabetes and heart disease, according to a large study released on Sunday.

For more, click on [NOVN.VX]

UBS (UBSN.VX) (UBS.N)

* UBS is considering returning to its commodities business this year, some of which it sold during the financial crisis, a Swiss newspaper said on Saturday, citing the co-head of UBS's investment bank.

* Bank published final full-year report.

For more, click on [UBSN.VX]

CREDIT SUISSE (CSGN.VX)

The chief of Credit Suisse's private bank is proposing a withholding tax on bank accounts held by Germans in Switzerland to help ease strained ties with Berlin, German newspaper Handelsblatt reported on Monday.

For related news click on [CSGN.VX]

RICHEMONT (CFR.VX)

Swiss luxury goods group Richemont has bid to acquire Net-a-Porter in a deal which values the UK online fashion retailer at about 350 million pounds ($531 million), newspapers said on Sunday.

For more, click on [CFR.VX]

SWISSCOM (SCMN.VX)

* The chief executive of Swisscom AG said Fastweb (FWB.MI) was a victim of fraud, a Swiss paper reported on Saturday, the second time the CEO has come out in defence of his company's subsidiary.

For more, click on [SCMN.VX]

ARYZTA (ARYN.S)

* Aryzta revenue declined 7.4 pct to 800.9 mln euros#

For more, click on (ARYN.S)

COMPANY STATEMENTS [CNR-CH]

* Partners Group (PGHN.S) again reports strong result with adjusted net profit of 210 million Swiss francs. [PGHN.S]

* Forbo (FORN.S) generated consolidated net sales of 1,782.4 million Swiss francs in 2009. [FORN.S]

ECONOMY [M-CH]

EQUITY RESEARCH [CH-RCH]

* CREDIT SUISSE RAISES SWATCH GROUP AG (UHR.VX) PRICE TARGET TO SFR 375 FROM SFR 350; RATING OUTPERFORM

* JP MORGAN RAISES GIVAUDAN SA (GIVN.VX) PRICE TARGET TO SFR 1,140 FROM SFR 980; RATING OVERWEIGHT

FOR COMPANIES TRADING EX-DIVIDEND, PLEASE CLICK ON:

.EX.S for all Swiss stocks

.EXSMI.S for blue chips

.EXNSMI.S for other stocks