Swiss stocks - Factors to watch on Nov 10

Thurgauer Kantonalbank

10/11/2014 07:10

ZURICH, Nov 10 (Reuters) - Swiss stocks were expected to 
open unchanged on Monday, in line with European markets seen 
mixed after China's annual consumer inflation remained near a 
five-year low in October, further evidence that the world's 
second-largest economy is cooling. 
    The Swiss blue-chip SMI  .SSMI  was seen opening unchanged 
at 8,819 points, according to premarket indications from bank 
Julius Baer  JBPRE01 . 
    The following are some of the main factors expected to 
affect Swiss stocks on Monday: 
     
    BANKS 
    British regulators investigating allegations of collusion 
and manipulation in the foreign exchange market could fine a 
group of six banks, including UBS  UBSN.VX , as early as next 
Wednesday, people familiar with the matter said. 
    The Financial Times reported on Monday that UBS might settle 
allegations of misconduct at its precious metals trading 
business alongside the forex settlement. 
    For more, click on  ID:nL6N0SX29F  
       
    COMPANY STATEMENTS  CPR-CH  
    * Goldbach Group AG  GBMN.S  said SIX Swiss Exchange had 
authorised it to join the Domestic Standard from Dec 8.  GBMN.S  
    * Novartis  NOVN.VX  said it would reveal phase III data for 
AIN457 (secukinumab) in psoriatic arthritis and ankylosing 
spondylitis at ACR 2014.  NOVN.VX  
    * SFS Group  SFSN.S  said its free float had increased to 
42.6 percent.  SFSN.S  
    * Thurgauer KB  TKBP.S  said chief executive Peter Hinder 
was leaving the bank and would be succeeded by Heinz Huber with 
immediate effect.  TGKB.S  
    * Valora  VALN.S  said it was acquiring Naville, a 
small-outlet retailer with 180 points of sale in western 
Switzerland, from Lagardere Services for an enterprise-value 
purchase price of 90 million Swiss francs.  VALN.S   
     
    ECONOMY  M-CH  
     
 
     
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Keywords: MARKETS SWISS STOCKS