Swiss stocks - Factors to watch on April 24
24/04/2017 07:10
ZURICH, April 24 (Reuters) - The Swiss blue-chip SMI
.SSMI was seen opening 1.1 percent higher at 8,647 points on
Monday, according to premarket indications by bank Julius Baer
JBPRE01 .
The following are some of the main factors expected to
affect Swiss stocks.
LAFARGEHOLCIM LHN.S
LafargeHolcim Chief Executive Eric Olsen will leave the
company in July, the world's largest cement maker said on
Monday, in the wake of an investigation into allegations the
company paid armed groups in Syria to keep a plant
operating. urn:newsml:reuters.com:*:nL8N1HW0EU
SYNGENTA SYNN.S
The pesticides and seeds group that is being acquired by
ChemChina CNCC.UL said first quarter sales slipped 1 percent to
$3.74 billion as growth in Asian corn seed markets was offset by
lower demand for fungicides and herbicides in Latin America.
urn:newsml:reuters.com:*:nFWN1HT0QW
CREDIT SUISSE CSGN.S
Credit Suisse will not decide on how it wants to raise fresh
capital until after this week's annual general meeting,
SonntagsZeitung reported on Sunday. The Swiss bank is
considering a quick-fire share sale or listing 20 to 30 percent
of its Swiss business in order to raise between 3 and 6 billion
Swiss francs ($3 - 6 billion) in new capital, the Swiss
newspaper said, citing sources close to Chairman Urs Rohner.
urn:newsml:reuters.com:*:nL8N1HV0FP
SWISS NATIONAL BANK EURCHF=
The Swiss National Bank (SNB) is ready to use its available
policy tools to stem any upward pressure on the Swiss franc that
might result from France's presidential elections, SNB Chairman
Thomas Jordan said in an interview with Bloomberg TV.
urn:newsml:reuters.com:*:nL8N1HV091
COMPANY STATEMENTS CPR-CH
* Glarner Kantonalbank GLKBN.S raised first-quarter net
profit by 27 percent to 4.9 million Swiss francs. GLKBN.S
* lastminute.com LMN.S will propose a new share buyback
program of up to 10 percent of current share capital, or 18
million euros, at its annual general meeting on Friday. Subject
to approval, the buyback will begin May 3. LMN.S
ECONOMY M-CH
($1 = 0.9968 Swiss francs)
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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