Swiss stocks – Factors to watch on April 12

ZURICH, April 12 (BestGrowthStock) – Swiss shares were poised to
open firmer on Monday, in line with markets across Europe, after
euro zone finance ministers approved an aid plan for Greece and
UBS said it would report a profit for the first quarter.

The Swiss blue-chip index SMI (.SSMI: ) was indicated to open
36 points higher at 6,923 points, premarket data provided by
bank Clariden Leu showed.(CLPRE: )

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

UBS (UBSN.VX: )

* Swiss banking giant UBS said its first-quarter pretax
profit would be at least 2.5 billion Swiss francs ($2.33
billion) and that client withdrawals had slowed at all its
business divisions.

* New York state could glean considerable sums from UBS
clients who have evaded taxes by hiding money in offshore
accounts once the federal government starts handing over its
data to the states, a New York state tax official said.

For related news, click on [UBSN.VX]

IPO

U.S. offshore driller Transocean Ltd (RIG.N: ) will make its
debut on the SIX Swiss Exchange on April 20, adding to its
listing on the New York Stock Exchange, the group said on
Monday.

For related news, click on [IPO]

ECONOMY [M-CH]

* The Swiss National Bank has unlimited means to intervene
to fight any excessive rise in the Swiss franc, SNB board member
Jean-Pierre Danthine said in a newspaper interview on Saturday.
[ID:LDE63906M]

COMPANY STATEMENTS [CNR-CH]

* Basilea (BSLN.S: ): the sale of superbug antibiotic
ceftobiprole, or Zeftera, is to be stopped in Canada after
recent regulatory recommendations in the United States and
European Union to not approve Zeftera due to concerns regarding
the conduct of clinical trials. [BSLN.S]

* Vontobel (VONN.S: ): Public Prosecutor’s Office to appeal
against the decision of the court of first instance on 19
January 2010 regarding the PEH capital increase. [VONN.S]

* Partners Group (PGHN.S: ) completes sale of managed account
platform [PGHN.S]

* Edisun Power Europe AG (ESN.S: ): Successful continuation of
growth strategy despite difficult market environment. [ESUN.S]

EQUITY RESEARCH [CH-RCH]

* UBS raises Oerlikon (OERL.VX: ) price target to 35 Sfr from
34 Sfr

* UBS raises Givaudan (GIVN.VX: ) price target to 1130 Sfr
from 1070 Sfr

FOR COMPANIES TRADING EX-DIVIDEND, PLEASE CLICK ON:

(.EX.S: ) for all Swiss stocks

(.EXSMI.S: ) for blue chips

(.EXNSMI.S: ) for other stocks

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Swiss stocks – Factors to watch on April 12