Swiss stocks - Factors to watch on Nov 9 - News

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Swiss stocks - Factors to watch on Nov 9

By: AFX | 09 Nov 2009 | 02:35 AM ET

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ZURICH, Nov 9 (Reuters) - Swiss shares were seen opening higher on Monday, in line with other European equities markets after the Group of 20 said it would maintain economic stimulus measures until the recovery was assured. The blue chip SMI index was expected to open 31 points higher at 6,325 points, according to pre-market data from bank Clariden Leu. The following are some of the main factors expected to affect Swiss stocks on Monday. UBS A British-born Florida yacht broker and former client of Swiss bank UBS AG received a reduced, two-month prison sentence for tax fraud on Friday because he cooperated with a U.S. investigation into the bank. For related news, click on SONOVA Swiss hearing aid maker Sonova said on Monday it had agreed to buy U.S.

cochlear implant systems manufacturer Advanced Bionics for $489 million in cash. For related news click on GOTTEX Gottex said an offer of 0.75 GBP per share for its London-listed unit Gottex Market Neutral Trust Limited, which the GMNT board said represented a 13 pct discount to its most recent unaudited net asset value, has now been withdrawn. For related news click on ECONOMY COMPANY STATEMENTS * Roche subsidiary Chugai Pharmaceutical says additional approval gained for use of Avastin in non-small cell lung cancer * Temenos wins the Banking Technology Readers Choice Award and says research shows the most profitable banks run Temenos * Gategroup says to supply LAN Airlines of Chile and its affiliates in Latin America in four-year agreements valued at nearly 200 million Swiss francs. EQUITY RESEARCH * CREDIT SUISSE CUTS ZURICH FINANCIAL SERVICES AG PRICE TARGET TO SFR 295 FROM SFR 300; RATING OUTPERFORM * CREDIT SUISSE RAISES CLARIANT AG PRICE TARGET TO SFR 9.7 FROM SFR 6.8 * ING RAISES SWISS RE PRICE TARGET TO SFR 50.4 FROM SFR 36.5; RATING HOLD * ING RAISES ZURICH FINANCIAL SERVICES AG PRICE TARGET TO SFR 263 FROM SFR 253; RATING BUY FOR COMPANIES TRADING EX-DIVIDEND, PLEASE CLICK ON: for all Swiss stocks for blue chips for other stocks Keywords: MARKETS SWISS STOCKS (Zurich newsroom +41 58 306 7336, fax 41 44 251 0476, zurich.newsroom@news.reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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