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Swiss stocks Factors to watch on April 4

ZURICH: The Swiss Market Index future was 11 points lower at 6,327 points. The following are some of the main factors e

Published April 4, 2011 Updated April 4, 2011 08:09am

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By Muhammad Iqbal

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The following are some of the main factors expected to affect Swiss stocks.

Swiss stocks are set to open lower on Monday, in line with European markets seen dipping as traders consolidate hefty gains from the previous session.

The Swiss Market Index future was 11 points lower at 6,327 points.

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

ECONOMY

Swiss interest rates are too low for the booming housing market but the strong franc puts the Swiss National Bank in a difficult position, board member Jean-Pierre Danthine was quoted as saying on Saturday.

COMPANY STATEMENTS

Said it won a $30 million power order in Australia.

Swiss Life said the sale of National Suisse's group life business to Swiss Life had been approved by the supervisory authorities.

Gate Gourmet, a member of gate group has sold its interests in Portugal to New rest effective immediately.

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