August 19, 2013 / 4:51 AM / 4 years ago

Swiss stocks - Factors to watch on Aug 19

2 Min Read

ZURICH, Aug 19 (Reuters) - Swiss stocks were expected to open lower on Monday, in line with European markets seen mirroring losses on Wall Street as the prospect of seeing the U.S. Federal Reserve trim stimulus next month keeps investors on edge.

The Swiss blue-chip SMI was seen falling 0.1 percent, according to premarket indications from bank Julius Baer.

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


Swiss bank UBS has made considerable progress in cleaning up its image, but still has more to do before its former luster is restored, Chairman Axel Weber said in a radio interview on Saturday.

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Lonza is evaluating options to dispose of its wood protection unit, which makes industrial pre-treatment and surface protection for timber, a spokesman confirmed to Swiss newspaper Schweiz am Sonntag on Sunday.

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Company Statements

* Dufry says it is opening additional retail space in Terminal 2 in Sao Paulo Airport.


* Swiss weekly sight deposits at 0700 GMT

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