Swiss stocks – Factors to watch on Oct 13

ZURICH, Oct 13 (BestGrowthStock) – Swiss stocks are set to rise on
Wednesday, in line with European markets expected to mirror
gains on Wall Street after the U.S. Federal Reserve hinted it
might act soon to spur the recovery.

The Swiss blue-chip index SMI (.SSMI: ) was indicated to open
25 points higher at 6,401 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:

SWATCH GROUP (UHR.VX: )

Swatch Group, the world’s largest watchmaker, is likely to
reach its sales target this year despite the negative impact of
the strong Swiss franc, its Chief Executive was quoted as saying
on Wednesday.

For related news, click on [UHR.VX]

PEACH PROPERY GROUP

Swiss luxury property developer Peach Property Group plans
to list on the Swiss bourse in coming weeks, in what would be
only the second initial public offering in Switzerland this
year.

For related news, click on [RTRS-CH-IPO]

SWISSCOM (SCMN.VX: )

Swisscom may pay a dividend of at least 21 Swiss francs a
share, its chief financial officer was quoted as saying on
Wednesday.

For related new, click on [SCMN.VX]

ECONOMY [M-CH]

* Swiss producer and import prices for September will be
published at 0715 GMT. Economists’ forecasts for the annual
inflation rate range from a 0.1 percent fall and a 0.6 percent
rise, with the median forecast at 0.4 percent.(ECONCH: )

COMPANY STATEMENTS [CNR-CH]

* The Tecan Group (TECN.S: ) and NASDAQ-listed Luminex
Corporation said on Tuesday they will collaborate on the
development of a new automated newborn screening solution to
provide faster results for infants’ potential health
concerns.[TECN.S]

* Meyer Burger (MBTN.S: ) said it won an order for over 30
million Swiss francs with an Asian customer. [MBTN.S]

EQUITY RESEARCH [CH-RCH]

* UBS lowers Pargesa (PARG.S: ) price target to 82 Sfr from
104 Sfr, rating Buy. [PARG.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

Swiss stocks – Factors to watch on Oct 13