Swiss stocks – Factors to watch on Aug 26

ZURICH, Aug 26 (BestGrowthStock) – Swiss shares were set to open
higher on Thursday as stock markets across Europe were indicated
to bounce back after hitting a five-week closing low in the
previous session.

The Swiss blue-chip index SMI(.SSMI: ) was indicated to open
48 points higher at 6,146 points, premarket data provided by
bank Clariden Leu showed.(CLPRE: )

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


* Nestle said it will substantially reduce its net debt
position, which stood at 29.6 billion francs at the end of June
2010, as an immediate result of the completed sale of its Alcon
stake to Novartis.

* French cosmetics maker L’Oreal, in which the Swiss food
group owns a 30 percent stake, posted operating profits of 1.67
billion euros ($2.1 billion) for H1, well ahead of estimates.

For related articles, click on [NESN.VX]


* Novartis said it completed the 77 percent majority
ownership of Alcon, which will show for the same period low
single digit and high single digit accretion to core earnings
per share for 2010 and 2011 respectively.

* A U.S. judge on Wednesday refused to block sales of a
generic version of Sanofi-Aventis SA’s (SASY.PA: ) blood thinner
marketed by Novartis AG’s (NOVN.VX: ) Sandoz unit and Momenta Inc
(MNTA.O: )

For related news, click on [NOVN.VX]


Baloise first-half net profit beat forecast on strong
investment income growth and a steep rise in business volumes,
Switzerland’s fifth-biggest insurer said on Thursday.

For related news, click on [BALN.VX]


Switzerland’s Glencore International, the mining and
commodities trading giant, said on Thursday first half net
income jumped 42 percent, spurred by a sharp rise in metal

For related news, click on [


Credit Suisse has appointed Sanjeev Bajaj as managing
director and head of fixed-income in India, according to an
internal memorandum seen by Reuters.

For related news, click on [CSGN.VX]


* The Swiss National Bank would react should deflation risks
resurface as the global economic crisis was not over yet, SNB
chairman Philipp Hildebrand said in a magazine interview due to
be published on Thursday.[ID:nLDE67O1RL]

* Swiss employment data for the second quarter is due at
0715 GMT.(ECONCH: )


* LLB (LLB.S: ) reports strong net new money inflows of 1.5
billion francs and attains a 2010 interim business result of
60.5 million francs [LLB.S]

* Valora (VALN.S: ) reports improved profitability [VALN.S]

* Schindler (SCHP.S: ) is to supply 353 escalators for a
railway expansion project across much of China [SCHP.S]

* LEM Holding (LEHN.S: ) launches share buyback program with a
volume of up to 15 million francs through a second trading



(.EX.S: ) for all Swiss stocks

(.EXSMI.S: ) for blue chips

(.EXNSMI.S: ) for other stocks

($1=.7901 Euro)

Swiss stocks – Factors to watch on Aug 26