Swiss stocks – Factors to watch on Oct 15

ZURICH, Oct 15 (BestGrowthStock) – Swiss stocks were expected to
open slightly higher on Friday ahead of U.S. retail sales and
consumer sentiment data.

The Swiss blue-chip index SMI (.SSMI: ) was indicated to open
9 points firmer at 6,451 points, premarket data provided by bank
Clariden Leu showed. (CLPRE: )

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

UBS (UBSN.VX: )(UBS.N: )

UBS’s prime broking unit plans to increase its market share
among hedge funds in the United States, where it ranks in the
top six, the head of UBS global prime broking business told
Reuters on Thursday.

For related news, click on [UBSN.VX]

ROCHE (ROG.VX: )

Two experimental drugs, one belonging to Roche, appear to be
safe and well-tolerated by hepatitis C patients when used in
combination, researchers reported on Friday.

For related news, click on [ROG.VX]

PANALPINA (PWTN.S: )

Panalpina Group, the shipping and logistics group, and its
customer Royal Dutch Shell are close to settling foreign bribery
charges by U.S. regulators, according to a Wall Street Journal
report on its website on Thursday.

For related news, click on [PWTN.S]

ECONOMY [M-CH]

COMPANY STATEMENTS [CNR-CH]

* Clariant (CLN.VX: ) is to cut 100 jobs worldwide and will
move the headquarters of its textile chemicals business unit to
Singapore as part of its Global Asset Network Optimisation
(GANO) project.[CLN.VX]

* Sika (SIK.S: ) strengthens sealing and bonding business in
North America [SIK.S]

* Julius Baer (BAER.VX: ), the leading private banking group
in Switzerland, said it was entering into a partnership with the
Olympic gold medallist and world champion in ski jumping Simon
Ammann. [BAER.VX]

* Transocean Ltd (RIGN.VX: )(RIG.N: ) on Thursday issued an
updated Fleet Status Report covering the company’s 139-unit
offshore drilling fleet. [RIGN.VX]

* Petroplus Holdings (PPHN.VX: ) said on Thursday it has
started to safely shut down its Petit Couronne refinery due to
strike actions taken by workers at the refinery.[PPHN.VX]

* Baloise (BALN.VX: ) is adopting Market Consistent Embedded
Value (MCEV) principles for its life business. Initial
disclosure of the life embedded value 2009 will be published on
15 December 2010. [BALN.VX]

* Kaba (KABN.S: ) appoints internal candidates to key
Management Board positions as per 1 July 2011.[KABA.S]

* Genolier Swiss Medical Network (GSMN.S: ) posts half-yearly
results [GSMN.S]

EQUITY RESEARCH [CH-RCH]

* Clariden Leu cuts Kudelski (KUD.S: ) price target to 32 Sfr
from 35 Sfr; rating outperform

* Nomura raises Syngenta (SYNN.VX: ) price target to 300 Sfr
from 280 Sfr; rating neutral

* UBS raises Phoenix Mecano (PM.S: ) price target to 740 Sfr
from 700 Sfr; rating buy

* UBS cuts Basilea (BSLN.S: ) to sell from neutral; price
target to 57 Sfr from 61 Sfr

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 15