Swiss stocks – Factors to watch on Oct 28

ZURICH, Oct 28 (BestGrowthStock) – Swiss stocks were set to open up
on Thursday mirroring Asian markets as volatility continues amid
speculation about how much the U.S. Federal Reserve will spend
to prop up a faltering recovery.

The Swiss blue-chip index SMI (.SSMI: ) was indicated to rise
37 points to 6,517 points, premarket data provided by bank
Clariden Leu showed.(CLPRE: )

Shares in Swiss engineering group ABB were expected to open
up 0.7 percent after its third-quarter profit (Read more your timing to make a profit.) beat forecasts.

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


Swiss engineering group ABB expects its automation business
to help growth next year after its third-quarter profit (Read more your timing to make a profit.) beat
expectations as large industrial orders flowed in once again.

For related news, click on [ABBN.VX]


Swiss bank Credit Suisse (CSGN.VX: ) is raising $800 million
for a fund that will help European banks reduce the amount of
capital they need to hold to withstand market shocks, the
Financial Times said on Thursday.

For related news, click on [CSGN.VX]


Logitech International, the world’s largest computer mouse
maker, posted second-quarter profit (Read more your timing to make a profit.) that beat forecasts and
raised its full year outlook thanks to strong sales.

For related news, click on [LOGN.VX]


Swiss dental implant maker Straumann Holding AG (STMN.S: ),
hit a cautious note on prospects for the sector after posting
weaker-than-expected third quarter sales as the stronger Swiss
franc hit its top line.

For related news, click on [STMN.S]


Novartis said its generic unit Sandoz initiated a voluntary
recall of 24 lots of its Methotrexate injection, a common
chemotherapy drug, in the United States, due to the presence of
small glass flakes that could result in adverse events.

For related news, click on [NOVN.VX]


Switzerland agreed on Wednesday to resolve the problem of
untaxed money stashed away by Germans in Swiss accounts and to
introduce a withholding tax on deposits while preserving bank
secrecy. [ID:nLDE69Q23R]


* Temenos (TEMN.S: ) reported 41 percent licence growth in the
third quarter and reconfirmed its full-year outlook. [TEMN.S]

* Implenia (IMPN.S: ) completes takeover of Sulzer (SUN.S: )
Immobilien AG following approval from Competition Commission

* Gurit (GUR.S: ) reports net sales of 236.6 million Sfr for
the first nine months of 2010.[GUR.S]

* The Board of Directors of Schmolz+Bickenbach (STLN.S: )
AG has set out the final terms for its announced capital
increase of approximately 297 million Sfr.[STLN.S]

* The Siegfried Group (SFZN.S: ) reported sales of 218.5
million Sfr for the first 9 months of the 2010 financial year,
representing an increase of 8.8 percent in Swiss francs and of
12.1 percent in local currencies over the comparable period the
previous year.[SFZN.S]



(.EX.S: ) for all Swiss stocks

(.EXSMI.S: ) for blue chips

(.EXNSMI.S: ) for other stocks

Swiss stocks – Factors to watch on Oct 28