Swiss stocks – Factors to watch on May 5

ZURICH, May 5 (BestGrowthStock) – Swiss stocks were set to open
little changed on Wednesday as worries about Greece’s debt
problems spreading weighed on investor sentiment.

The Swiss blue-chip index SMI(.SSMI: ) was indicated to open 5
points higher at 6,492 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:


Swiss-based oil refiner Petroplus (PPHN.VX: ) posted an
estimated first quarter clean net loss of $5 million, down on a
small profit from a year earlier, but struck an upbeat tone as
refining margins improved.

The group also said it would place 8.65 million newly issued
registered shares in the form of an accelerated bookbuild

For related news, click on [PPHN.VX]


* Novartis Vaccines & Diagnostics Inc. and Novartis
Pharmaceuticals Corporation have agreed to pay $72.5 million to
settle false claims allegations about the marketing of its
cystic fibrosis drug TOBI, the U.S. Justice Department said on

* Two Novartis AG websites made misleading claims about the
company’s Gleevec cancer drug, U.S. regulators said in a letter
released on Tuesday.

For related news, click on [NOVN.VX]


Swiss engineering group ABB (ABBN.VX: ) has agreed to buy
Atlanta-based Ventyx in cash for more than $1 billion,
bolstering its position in the management of energy networks.

For related news, click on [ABBN.VX]


Swisscom confirmed its outlook for the full year after it
reported an increase in first-quarter sales thanks to a slight
economic recovery in its core Swiss market.

For related news, click on [SCMN.VX]


Holcim rival Lafarge (LAFP.PA: ) reported a 10 percent drop in
first-quarter sales as tepid economic growth and a harsh winter
in Europe and America slowed construction work.

For related news, click on [HOLN.VX]



* Kudelski (KUD.S: ), the digital security group, said on
Tuesday shareholders approved all proposals put forward by the
board of directors at the annual meeting.

* Logistics company Panalpina (PWTN.S: ) said on Tuesday
shareholders approved all board proposals at its annual general

* Glencore [GLEN.UL] has resumed operations at Iscaycruz,
its largest lead and zinc mine in Peru, a company official said
on Tuesday.

* Oerlikon (OERL.VX: ): Oerlikon Solar Receives New Technology
Certifications for Thin Film PV


* Petroplus (PPHN.VX: ) to hold annual shareholder meeting

* Schaffner Group (SAHN.S: ) first-half results 2009/10


* Nomura raises UBS (UBSN.VX: ) price target to 21 Sfr, rating

* BOFA Merrill raises UBS AG (UBSN.VX: ) price target to
20.10 Sfr from 18.50 Sfr; rating neutral

* Credit Suisse cuts Panalpina (PWTN.S: ) to underperform from

* ING raises Panalpina (PWTN.S: ) price target to 96 Sfr from
85 Sfr; rating hold

* ING raises Kuehne & Nagel International (KNIN.VX: ) price
target to 144 Sfr from 127 Sfr; rating buy


(.EX.S: ) for all Swiss stocks

(.EXSMI.S: ) for blue chips

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Swiss stocks – Factors to watch on May 5