Swiss stocks - Factors to watch on March 17

Kitco Media
By Reuters
Published:
Updated:
Reuters
ZURICH/BERLIN, March 17 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Friday:


CREDIT SUISSE Credit Suisse Group AG's average liquidity coverage ratio, a measure of how much cash-like assets the bank has, did not change between March 8 and March 14, despite the global banking crisis, the Swiss lender said on Thursday. The bank told staff that the emergency backstop from the Swiss central bank does not trigger a "viability event," according to documents seen by Reuters. U.S. shareholders sued the bank, claiming that it defrauded them by concealing problems with its finances. UBS Group AG and Credit Suisse are opposed to a forced merger, Bloomberg News reported, citing people with knowledge of the matter. COMPANY STATEMENTS
*Novartis says TAFINLAR + MEKINIST were approved by the U.S. FDA for pediatric patients 1 year and older.
*Interroll Holding reported full-year sales increased To 664.4 million Swiss francs.
*SGS announced the acquisition of the testing business and assets from ASMECRUZ. ANALYSTS' VIEWS SWATCH GROUP AG : JEFFERIES RAISES TARGET PRICE TO CHF 390 FROM CHF 370


ECONOMY No major Swiss economic data scheduled. (Reporting by Zurich newsroom and Berlin Speed Desk)


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