Swiss stocks - Factors to watch on Nov 7
07/11/2014 07:35
ZURICH, Nov 7 (Reuters) - Swiss stocks were expected to open
slightly higher on Friday, helped by Swiss Re after the
reinsurer posted third-quarter results, as investors await key
U.S. monthly jobs data.
The Swiss blue-chip SMI .SSMI was seen opening up 0.2
percent at 8,878 points, according to premarket indications by
bank Julius Baer JBPRE01 .
The following are some of the main factors expected to
affect Swiss stocks on Friday:
UBS UBSN.VX
Switzerland's UBS and France's Credit Agricole CAGR.PA
have been deemed by regulators as less important to the global
financial system than a year ago and will not have to hold as
much extra capital as previously forecast.
For more, click on ID:nL6N0SW6HL
BANKS
U.S. regulators plan to join their UK peers in a
multi-billion-dollar settlement with a group of the biggest
global banks accused of manipulating the foreign exchange
market, sources familiar with the matter said, adding the deal
could come as early as next week.
For more, click on ID:nL1N0SX02M
RICHEMONT CFR.VX
The luxury goods firm said it expected a challenging holiday
trading period after first-half net profit fell more than
expected and sales growth further slowed in October, hit by weak
demand in Europe and Asia.
For more click on CFR.VX
Swiss Re SRENH.VX
The world's second largest reinsurer said net profit rose
more than expected in the third quarter, helped by muted natural
catastrophe claims, and that it was on track to reach its
financial targets.
For more click on SRENH.VX
COMPANY STATEMENTS CPR-CH
* GAM Holding GAMH.S said it had appointed three senior
quantitative professionals to the GAM Alternative Investments
Solutions. Dr Lars Jaeger, founder of Alternative Beta Partners
in Switzerland, and his colleagues Dr Pierre-Yves Moix and Dr
Stephan Mueller, have joined the Swiss money manager. GAMH.S
* Schindler SCHN.S said it opened a new elevator factory
in Pune, India. SCHN.S
ECONOMY M-CH
* The Swiss unemployment rate rose to a non-seasonally
adjusted 3.1 percent in October from 3.0 percent in the previous
month, the State Secretariat for Economic Affairs said on
Friday.
* SNB foreign exchange reserves due at 0800 GMT.
* Retail sales figures due at 0815 GMT.
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