Swiss stocks – Factors to watch on May 3

ZURICH, May 3 (BestGrowthStock) – Swiss shares are set to open lower
on Monday, tracking other European markets seen falling on fears
that a 110 billion euro bailout of Greece could face stiff
political opposition.

The Swiss blue-chip index SMI(.SSMI: ) was indicated to open
down 40 points at 6,576 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:

UBS (UBSN.VX: )

UBS looks set to top analyst’ expectations next week by
posting a first-quarter net profit of between 2.2 billion Swiss
francs and 2.5 billion Swiss francs ($2.0 billion to $2.3
billion), SonntagsZeitung reported without citing sources.

For related news click on [UBSN.VX]

ABB (ABBN.VX: )

ABB, U.S.-based Fluor Corp (FLR.N: ) and WorleyParsons
(WOR.AX: ) have won the first contracts for a planned $10.8
billion aluminium joint-venture between Alcoa (AA.N: ) and Saudi
Maaden (1211.SE: ).

For related news click on [ABBN.VX]

TRANSOCEAN (RIGN.S: )

A massive oil spill off the Louisiana coast may boost
opposition to offshore drilling and spur calls for tighter
federal regulation, but it is unlikely to loosen the southern
state’s embrace of big oil companies.

For related news click on [ID:nN02161354]

ECONOMY [M-CH]

* PMI data for April is due at 0730 GMT

* The Swiss National Bank bought around another 14 billion
euros in April as it seeks to cap a rise of the Swiss franc,
Swiss newspaper NZZ am Sonntag reported on Sunday.
[ID:nLDE6410JN]

COMPANY STATEMENTS [CNR-CH]

* Basilea’s (BSLN.S: ) Toctino receives marketing
authorization in Italy [BSLN.S]

* PubliGroupe AG (PUBN.S: ) acquires 75 percent stake in Swiss
online performance marketing pioneer INSTANZ AG. [PUBN.S]

* Addex Pharmaceuticals (ADXN.S: ) to present at BIO Business
Forum during the Chicago BIO Convention, May 3 to 6. [ADXN.S]

* Cytos Biotechnology (CYTN.S: ) says CFO Jakob Schlapbach to
retire. [CYTN.S]

* LifeWatch AG (LIFE.S: ) expects an operating loss for the
first quarter of 2010 and provides revised guidance for 2010.
[LIFE.S]

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

Stock Market Report

Swiss stocks – Factors to watch on May 3