SWISS DAYBOOK: UBS Directors’ Meeting, Zuercher Kantonalbank
Stock Chart for Basler Kantonalbank (BSKP)
UBS AG (UBSN)’s directors will meet in Singapore, home to the Swiss bank’s biggest shareholder, today to discuss the lender’s strategy and review the $2.3 billion loss from unauthorized trading. The regular meeting was scheduled before the loss emerged.
EQUITIES: *Roche holds investor day in London *Zuercher Kantonalbank said it may be the subject of an investigation by U.S. authorities *Basler Kantonalbank (BSKP) names Dominik Galliker head of private banking
ECONOMY/GOVERNMENT: *Swiss parliament session in Bern *Swiss and German governments to sign tax agreement at 4:30 p.m. *SNB publishes monthly statistical bulletin at 9 a.m.
MARKETS: *The SMI rose 2.1 percent to 5,471.40 *The SPI gained 1.9 percent to 4,987.21 *The Stoxx Europe 600 Index climbed 1.8 percent to 229.10 *The MSCI Asia-Pacific Index was up 0.4 percent at 7:53 a.m. Zurich time *Euro-franc traded at 1.2247 at 7:54 a.m. Zurich time
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