Swiss stocks - Factors to watch on Nov 16

Mon Nov 16, 2009 7:31am GMT
 
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ZURICH, Nov 16 (Reuters) - Swiss shares were seen opening higher on Monday, in line with other markets across Europe.

The blue chip SMI index .SSMI was expected to open 25 points higher at 6,376 points, according to pre-market data from bank Clariden Leu CLPRE.

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

UBS (UBSN.VX)

* UBS may hand over only a small amount of bank data as part of a U.S. settlement because the Internal Revenue Service has succeeded in cracking down on tax evaders, a radio station reported. More than 9,000 Americans had been persuaded to talk about their Swiss bank accounts under a tax amnesty, he added.

* Switzerland's financial regulator FINMA has received no request from UBS to buy back toxic assets transferred to the Swiss central bank last year, FINMA's head was quoted on Sunday as saying.

For related news click on [UBSN.VX]  Continued...

 

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