Swiss stocks – Factors to watch on Feb 1

ZURICH, Feb 1 (BestGrowthStock) – Swiss stocks were set to open
lower on Monday, tracking a drop in Wall Street ahead of U.S.
macroeconomic data.

The Swiss blue-chip index SMI (.SSMI: ) was indicated to open
34 points lower at 6,407 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.

BASILEA (BSLN.S: )

* Basilea (BSLN.S: ) said it expected its eczema treatment
Toctino to achieve sales of 35-45 million Swiss francs ($33.40
million) this year and that it would post an average monthly net
operating loss of some 9 million francs.

For related news, click on (BASN.S: )

UBS (UBSN.VX: )

* German politicians were divided at the weekend over
whether to buy the bank data of 1,500 possible tax evaders with
accounts in Switzerland that media said an informant offered to
sell authorities. UBS said reports some of the data pertained to
its clients were “speculation.” [ID:nLDE60U096]

* The chief executive of UBS said he would not take a bonus
this year but that employees would receive them, according to a
newspaper interview published on Sunday. [ID:nLDE60U09Q]

* No successor has yet been lined up to follow UBS chief
executive Oswald Gruebel, the chairman of the Swiss bank’s board
of directors was quoted as saying in a newspaper interview on
Saturday. [ID:nLDE60T020]

CREDIT SUISSE (CSGN.VX: )

* Urs Rohner, Vice Chairman of the board of directors, said
banks with a global reach that combined private and investment
banking had withstood the financial crisis best. [ID:nLDE60U09Q]

NESTLE (NESN.VX: )

* The world’s biggest food group, said on Saturday it will
invest 5 billion pesos ($390 million) in Mexico over the next
three years to increase coffee processing capacity, part of a $1
billion expansion plan. [ID:nN30154739]

ABBN.VX (ABBN.VX: )

* The engineering group said it has stopped taking new
orders in Iran with a view to ending operations there, a company
spokesman said on Sunday. [ID:nLDE60U0F7]

RIETER (RIEN.S: )

* Auto parts and textiles company Rieter said it too was not
undertaking new contracts in Iran. [ID:nLDE60U0F7]

OERLIKON (OERL.VX: ), SULZER (SUN.S: )

* Russian tycoon Victor Vekselberg, facing a hefty fine for
violating Swiss disclosure rules, said he will not divest his
two Swiss firms. [ID:nLDE60S2BF]

COMPANY STATEMENTS [CNR-CH]

* Gurit (GUR.S: ) – Full-year 2009 target market sales of CHF
307.3 million 22.1 percent below FY2008 [GUR.S]

ECONOMY [M-CH]

* January PMI due at 0830 GMT. Analysts polled by Reuters
expect a reading of 55.20. (ECONCH: )

EQUITY RESEARCH [CH-RCH]

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 Feb 1