November 7, 2012 / 5:46 AM / 5 years ago

Swiss stocks - Factors to watch on Nov 7

ZURICH, Nov 7 (Reuters) - Swiss stocks are expected to open largely flat, with some of Europe’s main bourses edging higher after a U.S. election victory for President Barack Obama removed uncertainty over leadership of the world’s biggest economy.

The Swiss blue-chip SMI was indicted to open up 0.06

percent at 6,750 points, according to pre-market data provided by bank Julius Baer.

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


The Swiss cement maker is banking on rising demand for cement in emerging markets and North America to shield it from lower sales in Europe for the rest of 2012.

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The world’s largest maker of chocolate products, reported better-than-expected results for its 2011/12 financial year as it said it had “an especially vibrant fourth quarter” despite the difficult environment in Europe.

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A former Swiss banker pleaded guilty on Tuesday to helping Americans hide millions of dollars from U.S. tax authorities, and a judge noted the banker has aided investigators in a broad U.S. probe of tax evasion that has put Swiss banks on the defensive.

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An experimental Novartis AG drug to treat hospitalized acute heart failure patients reduced deaths by 37 percent compared with a placebo and appeared to be safe, according to data from a late stage clinical trial.

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Roche, the world’s biggest maker of cancer drugs, said U.S. health regulators granted a priority review to its experimental breast cancer drug TDM-1, expediting the review process for the marketing application of the drug.

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* Valora increased its share capital by issuing 635,599 registered shares with a nominal value of 1 franc each. Existing shareholders have no subscription rights to these new shares. As a result, Ernst Peter Ditsch will hold 18.5 percent of outstanding shares and becomes the major anchor shareholder.

* LifeWatch continues to improve EBIT and EBITDA levels in the third quarter.

* AFG Arbonia-Forster-Holding AG is taking over Dobroplast, the leading Polish manufacturer of PVC windows. The company with its head office in Poland, achieves annual turnover of approximately 90 million francs.

* Peach Property Group extends the offer period for the share issue of its German subsidiary until Nov. 12, at an unchanged range of 8.25 to 10.25 euros.


* SNB preliminary data foreign currency reserves at 0800 GMT

* Swiss October inflation data at 0815 GMT

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