Swiss stocks - Factors to watch on November 9

Novartis AG

Yesterday 05:56

ZURICH/GDANSK, Nov 9 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Monday:

UBS Group AG UBSG.S 
UBS Chief Executive Sergio Ermotti said on Monday a sharp correction in AI stocks over the last few weeks had been a reaction to excessively high hopes that investors had had for the sector.

ABB LTD ABBN.S 
Japan's SoftBank and Swiss engineering group ABB are looking at carving out the Chinese element of a $5.4 billion robotics deal which was blocked earlier this week by Beijing, Bloomberg News reported on Saturday, citing people familiar with the matter.

NOVARTIS AG NOVN.S 
The US Food and Drug Administration said on Friday it was investigating a risk of neoplasia, or tumour formation including malignancy, associated with Novartis' gene therapy Zolgensma.
        
ECONOMY
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 (Reporting by Zurich newsroom and Gdansk newsroom)
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