January 7, 2013 / 5:50 AM / 5 years ago

Swiss stocks - Factors to watch on Jan 7

ZURICH, Jan 7 (Reuters) - The following are some of the main factors expected to affect Swiss stocks on Monday.


Swiss pharmaceutical group Roche is no longer considering a bid for U.S. gene-sequencing company Illumina ILMN.O, Chairman Franz Humer was quoted as saying in a newspaper interview on Sunday.

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* Swiss chief finance diplomat Michael Ambuehl was given a verbal pledge from the U.S. Department of Justice to respect Swiss law when asking for bank client data of potential tax dodgers, a newspaper reported on Sunday.

* Swiss banks are whispering a silent prayer that the deal between private banker Wegelin & Co and Washington over tax dodging could smoothe the way to cheaper and faster settlements of their own cases with U.S. authorities.

* The U.S. government has raised the stakes in its crackdown on Swiss banks through a hard-charging prosecution that has forced the closing of a 272-year-old Swiss firm for offering tax-evasion services to wealthy Americans.

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Swiss Life’s German advisory unit AWD, which was recently rebranded Swiss Life Select, has missed its 2012 profit targets, a German magazine said, citing sources close to Swiss Life.

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* Preliminary IMF data on the SNB’s foreign currency reserves due at 0800 GMT.

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