Swiss stocks - Factors to watch on Nov 9

EvoNext Holdings SA

09/11/2017 05:43

ZURICH, Nov 9 (Reuters) - The following are some of the main 
factors expected to affect Swiss stocks on Thursday:  
     
    CREDIT SUISSE  CSGN.S  
    A 13.3 billion Swiss franc withdrawal in the third quarter 
at Credit Suisse's domestic business came from the pension fund 
for Swiss railway operator SBB, newspaper Handelszeitung 
reported, citing comments by Markus Huebscher, the fund's 
managing director. The fund deposited the funds at JP Morgan, 
Handelzeitung said.  
     
    ZURICH INSURANCE  ZURN.S   
    The insurer releases nine-month figures shortly after 
warning hurricanes Harvey, Irma and Maria had delivered the 
group an estimated $700 million claims hit in the third quarter. 
     
    UBS  UBSG.S   
    UBS named Joe Reece, Javier Oficialdegui and David Chin to 
manage its corporate-client services business in the Americas, 
Europe and Asia, respectively, The Wall Street Journal reported, 
citing an internal memo.  urn:newsml:reuters.com:*:nL3N1NE6S7 
       
    COMPANY STATEMENTS  CPR-CH  
    * Bobst Group SA  BOBNN.S  said it is expecting for 2017 a 
4-6 percent sales increase compared to the 1.447 billion Swiss 
francs achieved in 2016, and an operating result (EBIT) margin 
close to the minimum mid- to long-term target of 8 percent of 
sales, compared to 7.2 percent in 2016. The net result will 
increase as well from CHF 84.3 million achieved in 2016, but 
will grow less than the operating result (EBIT), the company 
said.  BOBNN.S  
    * Ypsomed  YPSN.S  said net profit for the first six months 
of the business year 2017/18 amounted to 23.4 million million 
(previous year 22.4 million francs) and that it expects a growth 
in turnover of approximately 18 percent versus the presently 
forecast 15 percent and increases the forecast to an operating 
result of around 60 million francs for the business year 
2017/18.  YPSN.S  
    * Evolva  EVE.S  announces the successful completion of the 
86 million Swiss franc rights offering and private placement. 
 EVE.S  
    * Datacolor AG  DCN.S  will propose Jvo Grundler be elected 
as a new member of the board of directors at its ordinary 
general meeting on Dec. 7. Peter Beglinger decided not to stand 
for re-election to the board of directors.  DCN.S  
 
    ECONOMY  M-CH  
    * Swiss jobless data  CHJOBL=ECI  due at 0645 GMT 
     
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com)) 
  
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