Swiss stocks - Factors to watch on July 2
02/07/2019 05:38
ZURICH/BERLIN, July 2 (Reuters) - The Swiss blue-chip SMI
.SSMI was seen opening 0.1 percent higher at 9,982 points on
Tuesday, according to premarket indications by bank Julius Baer
JBPRE01 .
Here are some of the main factors that may affect Swiss
stocks:
CREDIT SUISSE CSGN.S
The bank said the head of the head of its international
wealth management business, Iqbal Khan, would leave the company
and be replaced by the unit's chief financial officer Philipp
Wehle. urn:newsml:reuters.com:*:nL4N24248U
COMPANY STATEMENTS E-CH
* Novartis NOVN.S said it had completed the acquisition of
the Xiidra opthalmic portfolio from Takeda. Novartis also said
its Sandoz arm will launch a generic version of cancer drug
Iressa when the patent expires in Europe this year. NOVN.S
* Cembra Money Bank CMBN.S said it placed 250 million
Swiss francs in convertible bonds. CMBN.S
* Airopack AIRN.S reported a 12.1% decrease in sales
during its 2018 financial year, and a net loss of 57.8 million
euros. AIRN.S
* Swiss Estates SEAN.BN said it has sold two properties in
Zurich. SEAN.BN
* Asmallworld ASWN.S named Daniel Sutter as its new head
of Finance & Controlling. ASWN.S
* Sulzer SUN.S said it has acquired the Scottish
aero-derivative gas turbine service provider Alba Power, which
employs 80 people and generated sales of 34 million pounds ($43
million) with a profit margin above 20% in 2018. SUN.S
* Stadler Rail SRAIL.S said it is supplying 55 flirt
batteries for Germany's Nahverkehrsverbund Schleswig-Holstein,
an order valued at about 600 million euros ($677 million).
ANALYSTS' VIEWS
* Oc Oerlikon Corporation Ag Pfaeffikon OERL.S : Credit
Suisse Cuts Target Price To Sfr 13.50 From Sfr 14
* Galenica Ag GALE.S : Credit Suisse Raises Target Price To
Sfr 55 From Sfr 54.
ECONOMY M-CH
($1 = 0.7914 pounds)
($1 = 0.8858 euros)
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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