Monday, February 3, 2014

Swiss stocks - Factors to watch on Feb 3

ZURICH Mon Feb 3, 2014 12:31am EST





<span id="articleText"/>ZURICH Feb 3 (Reuters) - The following are some of the main factors expected to affect Swiss stocks on Monday:



<span id="midArticle_0"/><span id="midArticle_1"/>NOVARTIS



<span id="midArticle_2"/>Swiss drugs group Novartis NOVN.VX is planning to cut or transfer up to 4,000 jobs, newspaper Neue Zuercher Zeitung am Sonntag reported on Sunday, citing an internal email.



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<span id="midArticle_4"/><span id="midArticle_5"/>JULIUS BAER



<span id="midArticle_6"/>The Swiss private bank reports full-year earnings at 0600 GMT.



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<span id="midArticle_8"/><span id="midArticle_9"/>COMPANY STATEMENTS



<span id="midArticle_10"/>* Gurit said it expected to reach a full-year operating profit margin of roughly 2 percent of net sales, whcih stood at 281.1 million Swiss francs due to low materials sales volume and impairment charges. Full earnings are due March 14.



<span id="midArticle_11"/>* Peach Property said it expects to report a 2 to 3 million franc full-year loss before taxes -- smaller than expected -- because of previously disclosed significant one-off costs. Full-year sales volume reached around 86.3 million francs while operating income rose to 56 million francs. Full earnings are due March 13.



<span id="midArticle_12"/><span id="midArticle_13"/>ECONOMY



<span id="midArticle_14"/>* January PMI at 0830 GMT



<span id="midArticle_15"/>* The Swiss National Bank would only consider scrapping its minimum exchange rate of 1.20 Swiss francs per euro if inflation were much higher and there was less upward pressure on the currency, its vice-chairman was quoted as saying on Sunday.



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