Swiss stocks - Factors to watch on March 21
21/03/2019 06:00
ZURICH/BERLIN, March 21 (Reuters) - The Swiss blue-chip SMI
.SSMI was seen opening 0.2 percent lower at 9,445 points on
Thursday, according to premarket indications by bank Julius Baer
JBPRE01 .
Here are some of the main factors that may affect Swiss
stocks:
SWISS NATIONAL BANK
The Swiss National Bank drastically cut back its foreign
currency interventions to a "modest" 2.3 billion Swiss francs
($2.32 billion) during 2018, the central bank said in its annual
report. This was a major reduction from the 48.2 billion francs
of foreign currency the SNB bought in 2017 and 86 billion francs
in 2015, the height of the bank's campaign to relieve upward
pressure on the safe-haven currency. urn:newsml:reuters.com:*:nZ8N1YF00N
* SNB monetary policy decision due at 0830 GMT. Three-month
LIBOR target rate seen unchanged at -1.25 to -0.25 percent.
urn:newsml:reuters.com:*:nL8N2154OW
COMPANY STATEMENTS E-CH
* Zur Rose Group AG ROSEG.S : outlook 2019: focus remains
on growth, with aim of achieving break-even at EBITDA level;
2018 EBITDA was minus CHF 12.5 million; net income / (loss) was
minus CHF 39.1 million urn:newsml:reuters.com:*:nFWN2170YY
* French healthcare group Stallergenes STAGR.PA has agreed
to a 730 million euro ($834 million) takeover by the
Waypoint/Ares Life Sciences vehicle of Swiss billionaire Ernesto
Bertarelli, the companies said on Thursday. urn:newsml:reuters.com:*:nFWN2170WP
* KTM Industries KTMI.VI said its majority owner Pierer
Industrie is in talks with India's Bajaj Auto International
Holdings BV over a possible deal in which Bajaj would convert
its existing 48 percent stake in the Austrian company's
motorcycle unit, KTM AG, into a minority holding in the listed
company. KTMI.VI
* Meyer Burger Technology MBTN.S reported a full year loss
of 59.4 million Swiss francs, mainly due to value adjustment on
deferred tax assets of 49.0 million Swiss francs. urn:newsml:reuters.com:*:nFWN21710X
* Metall Zug METN.S said its full year gross sales climbed
25.1 percent to 1.2 billion Swiss francs.
* Intershop Holding ISN.S said a share buyback to reduce
share capital was successfully completed.
* Aventron AG AVENT.BN said its earnings before interest
and taxes (EBIT) increased by 18 percent to 28.2 million Swiss
franks in 2018. urn:newsml:reuters.com:*:nFWN2170WH
ECONOMY M-CH
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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