Swiss stocks – Factors to watch on Aug 30

ZURICH, Aug 30 (BestGrowthStock) – Swiss stocks are set to rise on
Monday, in line with European markets, mirroring strong gains in
U.S. and Asian markets following soothing comments from U.S.
Federal Reserve Chairman Ben Bernanke.

The Swiss blue-chip index SMI (.SSMI: ) was indicated to rise
45 points to 6,228 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:


Elinogrel, an experimental blood thinner being developed by
Novartis and Portola Pharmaceuticals, is to move into
final-stage clinical testing following promising Phase II
results. [ID:nLDE67S0AX]

For related news, click on [NOVN.VX]


Swiss drugmaker Roche Holding AG said on Sunday it would not
make any decision on job cuts this week, after Swiss newspaper
Sonntag reported it could be on the verge of cutting thousands
of positions.

For related news, click on [ROG.VX]


Lonza acquires viral vaccine and vector manufacturer Vivante
GMP Solutions, whose 17 employees will help pharma companies
looking to develop viral-based vaccines. Lonza did not provide a
price for the transaction or the turnover of Vivante.

For related news, click on [LONN.VX]


* The Swiss National Bank is watching the Swiss franc-euro
exchange rate closely as neither a return of deflation nor, in
the longer run, inflationary risks can be excluded, its
vice-chairman Thomas Jordan was quoted as saying on Sunday.

For related news, click on [SNB-PLCY-FRX]


* SGS (SGSN.VX: ) said it acquired Am’Tech Medical, the
leading medical devices regulatory control services provider in
France, which reported revenue of about 2.5 million euros in
2009. [SGSN.VX]

* PubliGroupe (PUBN.S: ) said it returned to profitability in
the first half. [PUBN.S]


* UBS ups Clariant (CLN.VX: ) rating to Neutral from Sell,
price target to 14 Sfr from 13 Sfr. [CLN.VX]


(.EX.S: ) for all Swiss stocks

(.EXSMI.S: ) for blue chips

(.EXNSMI.S: ) for other stocks

Swiss stocks – Factors to watch on Aug 30