Swiss stocks - Factors to watch on Oct 26

Compagnie Financiere Tradition SA

26/10/2016 05:43

ZURICH, Oct 26 (Reuters) - The following are some of the 
main factors expected to affect Swiss stocks on Wednesday: 
     
    SWISS-EU 
    The government is set to make a recommendation on whether to 
support a referendum campaign that would overturn the 2014 vote 
to limit immigration, which has strained ties with the European 
Union.  
    A joint Swiss-EU commission overseeing the free movement of 
people as enshrined in bilateral accords met in Brussels on 
Tuesday to review Swiss efforts to curb immigration without 
infringing too much the free movement accord, which helps give 
Switzerland enhanced access to the EU single market.   
         
    Switzerland has given around $51 million in formerly frozen 
assets to the United States in connection with a U.S. 
investigation into alleged corruption at oil company Petroleos 
de Venezuela S.A. (PDVSA), authorities said.  urn:newsml:reuters.com:*:nFWN1CV10G 
       
    COMPANY STATEMENTS  CPR-CH  
    * Logitech International Sa  LOGN.S  delivers record Q2 
retail revenue, up 14 percent  urn:newsml:reuters.com:*:nBw2f5Brla 
    * Leclanche SA  LECN.S  says has strong momentum to deliver 
over 85 MWh in 2017 equating to more than 75 pct revenue growth 
 urn:newsml:reuters.com:*:nEQbHBYZ6 
    * The Federal Electricity Commission (ElCom) decided on a 
new valuation method to establish the decisive value of the 
transmission grid's assets because the first valuation method 
had been disputed by a number of the transmission grid's 
previous owners. The compensation means a one-off gain of 
approximately 38 million Swiss francs for BKW  BKWB.S  plus 
interest. This will also result in higher compensation for Alpiq 
 ALPH.S  with the advance payment amounting to approximately 100 
million francs expected in the first quarter of 2017, the 
company said.  BKWB.S  
    * Compagnie Financière Tradition  CFT.S  said it 
successfully raised 110 million Swiss francs on the Swiss 
capital market through the placement of a straight bond. The new 
issuance, with a maturity of 6 years to November 2022 and 
carrying a coupon of 1.625 percent, was achieved under the lead 
management of Credit Suisse  CSGN.S  and Zuercher Kantonalbank, 
the company said.  CFT.S  
     
    ECONOMY  M-CH  
     
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com)) 
  
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