Swiss stocks - Factors to watch on June 26

Thu Jun 26, 2008 2:18am EDT
 
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ZURICH, June 26 (Reuters) - Swiss shares are poised to open lower on Thursday, in line with markets across Europe, after the U.S. Federal Reserve held its key interest rate steady on Wednesday.

The Swiss blue-chip index .SSMI was indicated to open some 28 points lower at 7,054 points, data provided by bank Clariden Leu showed.CLPRE

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

ROCHE (ROG.VX)

Roche said on Thursday it had received European approval for a shortened treatment course for Pegasys in combination with Copegus for certain hepatitis C patients.

For related news, click on [ROG.VX-LEN]

UBS AG (UBSN.VX)

UBS has hired investment bank Lazard Ltd (LAZ.N) as an adviser to help decide which businesses should be expanded or slashed, a source familiar with the situation said on Wednesday. The source said that the Swiss bank does not expect the review to lead to a split-up or a sale of the company. UBS declined to comment, while Lazard officials were not immediately available.

For related news, double click on [UBSN.VX-RTRS-LEN]

COMPANY STATEMENTS [CNR-CH]

* Oerlikon (OERL.VX) - Renova and Victory hold 51.19 percent in Oerlikon and 6.62 percent in long call options, Oerlikon said on Wednesday.

* Oerlikon sells its magnetic media equipment business to Intevac (IVAC.O) [OERL.VX-LEN-CNR]

* UBS (UBSN.VX): Disclosure of shareholdings [UBSN.VX-LEN]  Continued...

 

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