Swiss stocks - Factors to watch on Aug. 15

Banque Cantonale de Geneve

15/08/2016 07:30

ZURICH, Aug 15 (Reuters) - The Swiss blue-chip SMI  .SSMI  
was seen opening 0.1 percent higher at 8303.50 points on Monday, 
according to premarket indications by bank Julius Baer 
 JBPRE01 . 
    The following are some of the main factors expected to 
affect Swiss stocks. 
     
    NESTLE  NESN.S  
    The food giant's chief executive, Paul Bulcke, demanded in 
an interview with the Swiss newspaper SonntagsZeitung that 
Switzerland reach a speedy agreement with the European Union on 
free movement of people following voters' approval of the mass 
immigration initiative in 2014. Bulcke said the Swiss government 
should restore stability, but fears time is running out to forge 
a pact. 
    For more click  NESN.S  
     
    BANQUE CANTONALE DE GENEVE  BCGE.S  and SWISSQUOTE  SQN.S  
    Banks including the Geneva Cantonal Bank, Postfinance, 
Migros Bank and Swissquote are preparing customers for the 
possibility of being charged negative interest rates on some 
accounts, according to the SonntagsZeitung newspaper. "I can 
imagine that negative interest could be charged on savings 
accounts with 100,000 francs in a year's time,' said Swissquote 
Chief Executive Officer Marc Buerki, in an interview. 
    For more click  BCGE.S  and  SQN.S  
     
    COMPANY STATEMENTS  CPR-CH  
    * VAT  VACN.S  said late Friday that BlackRock held 3.02 
percent of the Swiss vacuum technology company's shares after 
purchasing stock.  VACN.S  
    * Orascom  ODHN.S  said on Monday that its total revenues 
decreased by a third in the first half to 109.4 million Swiss 
francs  ($112.19 million). The company swung to a net loss of 
41.3 million francs, from a small profit.  ODHN.S  
    * Lonza  LONN.S  is spending $300 million to buy Interhealth 
Nutraceuticals in the United States, to expand in nutrition 
ingredients.  LONN.S  
    * Basilea  BSLN.S  confirmed its guidance for total 
operating expenses and average monthly operating losses for 
2016. The Swiss pharma company posted a net loss of 27.9 million 
francs in the first half, compared to a loss of 30 million 
francs a year ago.  BSLN.S  
     
    ECONOMY  M-CH  
    Switzerland releases data on producer/import prices for July 
at 0715 GMT. 
    The Swiss National Bank releases sight deposits at 0800 GMT. 
 
 
($1 = 0.9751 Swiss francs) 
 
 
 (Reporting by Zurich newsroom) 
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 DJ STOXX index........................................  .STOXX  
 Top 10 STOXX sectors.............................  .PGL.STOXXS   
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 Top 25 European pct gainers...  .PG.PEUR , losers...  .PL.PEUR  
     
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Keywords: MARKETS SWISS STOCKS/