Swiss stocks - Factors to watch on Sept 9

Crealogix Holding AG

09/09/2014 07:30

ZURICH, Sept 9 (Reuters) - Swiss stocks were expected to 
open largely unchanged on Tuesday, after an uninspired 
performance from Asian stocks and Wall Street overnight tempered 
the mood. 
    The Swiss blue-chip SMI  .SSMI  was seen virtually flat at 
8,816 points, according to premarket indications by bank Julius 
Baer  JBPRE01 . 
    The following are some of the main factors expected to 
affect Swiss stocks on Tuesday 
     
    ABB  ABBN.VX  
    Swiss engineering group ABB  ABBN.VX  said it would buy back 
$4 billion shares, offering a sweetener to investors after a 
series of problems at its power systems unit and in the face of 
sluggish economic growth. 
    For more, click on  ABBN.VX  
     
    UBS  UBSN.VX  
    A French appeals court will rule on Sept. 22 whether Swiss 
bank UBS  UBSN.VX  must post bail of 1.1 billion euros (1.42 
billion US dollar) in an investigation of charges that it helped 
wealthy French customers avoid tax, the bank's lawyer said on 
Monday. 
    For more, click on  UBSN.VX  
     
    PARTNERS GROUP  PGHN.S  
    The asset manager said on Tuesday first-half net profit 
jumped 23 percent after a sharp rise in fund management fees, 
and backed its full-year targets for new client money. 
    For more, click on  PGHN.S  
       
    COMPANY STATEMENTS  CPR-CH  
    * Zurich Insurance  ZURN.VX  said it placed 500 million 
euros of senior unsecured notes maturing in September 2024 with 
a coupon of 1.75 percent, with European institutional investors 
to refinance senior debt which is maturing.  ZURN.VX  
    * Crealogix  CLXN.S  said full-year sales rose 1.6 percent 
to 50.1 million Swiss francs (53.47 million US dollar). Full 
earnings are due Sept 30.  CLXN.S  
    * Santhera  SANN.S  said its first-half net loss narrowed to 
3.1 million francs from 3.2 million, and said its main 
priorities in the near term are the successful regulatory 
filings of Raxone, or Catena, in Europe and the United States. 
 SANN.S  
 
     
    ECONOMY  M-CH  
    The Swiss Federal Treasury said it was offering a 1.25 
percent bond maturing in 2026, and another at 1.25 percent 
maturing in 2037, in a tender.  SWIW  
 
     
    ((Zurich newsroom +41 58 306 7340, fax 41 44 251 0476,  
zurich.newsroom@news.reuters.com))  
 
 
(1 US dollar = 0.7769 euro) 
 
(1 US dollar = 0.9370 Swiss franc) 
 
  
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Keywords: MARKETS SWISS STOCKS