Swiss stocks – Factors to watch on Dec 7

ZURICH, Dec 7 (BestGrowthStock) – Swiss stocks are set to open
slightly higher despite ongoing nerves in global markets after
Monday’s decision by euro zone ministers to take no new steps to
quell the debt crisis.

The Swiss blue-chip index SMI (.SSMI: ) was indicated to rise
9 points to 6,423 points, premarket data provided by bank
Clariden Leu showed.(CLPRE: )

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


France’s richest woman, L’Oreal (OREP.PA: ) heiress Liliane
Bettencourt, and her daughter said on Monday they had settled a
family feud that had led to tax and political funding
investigations. Nestle owns 30 percent in L’Oreal.

For related news click on [NESN.VX]


Irving Picard, U.S. court-appointed trustee seeking to
recover funds for investors defrauded by Bernard Madoff,
announced a settlement of $500 million with UBP and a related
fund, M-Invest Limited, incorporated in the Cayman Islands.


* The Swiss unemployment rate rose to a non-seasonally
adjusted 3.6 percent in November from 3.5 percent in the
previous month. When adjusted for seasonal factors, the
unemployment rate was unchanged at 3.6 percent.(ECONCH: )

* The Swiss Federal Treasury is reopening its 2 percent bond
maturing in 2021 in a tender (SWIW: ).


* Partners Group (PGHN.S: ) completes investment in Brazilian
watchmaker Technos on behalf of its clients [PGHN.S]

* Kudelski (KUD.S: ): NagraID Security and MasterCard deploy
world’s first display credit card [KUD.S]

* Schaffner Group (SAHN.S: ) increases sales and profit in
fiscal 2009/10 [SAHN.S]


* Credit Suisse cuts Roche (ROG.VX: ) to “neutral” from
“outperform, cuts price target to 150 Swiss francs from 170

* Credit Suisse lifts Novartis (NOVN.VX: ) to “outperform”
from “neutral”, new price target 61 francs

* Credit Suisse lifts Actelion (ATLN.VX: ) price target to 45
francs from 40, keeps “neutral” rating

For companies trading ex-dividend, please click on:

(.EX.S: ) for all Swiss stocks

(.EXSMI.S: ) for blue chips

(.EXNSMI.S: ) for other stocks

Swiss stocks – Factors to watch on Dec 7