Swiss stocks – Factors to watch on Jan 27

ZURICH, Jan 27 (BestGrowthStock) – Swiss shares are set to fall on
Wednesday tracking losses on Wall Street and Asian stock
markets.

The Swiss blue-chip index SMI(.SSMI: ) was indicated to fall
some 42 points to 6,442 points , premarket data provided by bank
Clariden Leu showed.(CLPRE: )

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

UBS(UBSN.VX: )

The Swiss government needs to resolve the legal impasse
which threatens to derail a deal over UBS client data struck
with U.S. tax authorities, the bank’s chairman Kaspar Villiger
was quoted as saying on Wednesday.

Switzerland’s cabinet will discuss how to prevent a possible
collapse of a deal with the United States to end a damaging tax
case against UBS after a court blocked the transfer of one
client’s data.

For related news, click on [UBSN.VX]

GOTTEX (GFMN.S: )

Alternative asset manager Gottex Fund Management Holdings
(GFMN.S: ) said it expects solid inflows into from institutional
investors into its hedge funds this year despite assets slipping
in the fourth quarter.

For related news, click on [GFMN.S>

COMPANY STATEMENTS [CNR-CH]

* Swiss Re(RUKN.VX: ): The Sanction Commission of SIX Swiss
Exchange Ltd has imposed a 50,000 franc fine on Swiss Re
[RUKN.VX]

* Huegli (HUE.S: ) recorded sales totaling 390.4 million
francs in financial year 2009 [HUE.S]

* Swiss staffing firm Adecco (ADEN.VX: ) said on Tuesday a
French court rejected its appeal against the decision of the
French Competition Council, which had imposed a fine of 34
million euro in February 2009 [ADEN.VX]

* Feintool(FTON.S: ): Board of Directors reconstituted
[FTON.S]

ECONOMY [M-CH]

EQUITY RESEARCH [CH-RCH]

* Morgan Stanley cuts UBS AG (UBSN.VX: ) price target to 16
francs from 18 francs ; rating equal-weight [UBSN.VX]

* Morgan Stanley cuts Credit Suisse (CSGN.VX: ) price target
to 72 francs from 74 francs; rating overweight [CSGN.VX]

* UBS raises Novartis(NOVN.VX: ) price target to 68 francs
from 65 francs; keeps buy rating [NOVN.VX]

* UBS raises Aryzta (ARYN.S: ) price target to 53 francs from
49 francs; keeps buy rating [ARYN.S]

FOR COMPANIES TRADING EX-DIVIDEND, PLEASE CLICK ON:

(.EX.S: ) for all Swiss stocks

(.EXSMI.S: ) for blue chips

(.EXNSMI.S: ) for other stocks

Stock Market Money

Swiss stocks – Factors to watch on Jan 27