Swiss stocks - Factors to watch on July 28
28/07/2014 07:19
ZURICH, July 28 (Reuters) - Swiss stocks were expected to
open slightly higher on Monday, in line with European markets
seen edging higher as investors await the U.S. Federal Reserve's
monetary policy decision and important economic data later this
week.
The Swiss blue-chip SMI .SSMI was seen rising 0.3 percent,
according to the SMI future FSMIc1 .
The following are some of the main factors expected to
affect Swiss stocks on Monday:
NOVARTIS NOVN.VX
Swiss pharmaceutical group Novartis said the European
Commission had approved its eyecare unit Alcon's Simbrinza
treatment for glaucoma, a chronic, sight-threatening eye
disease.
For more, click on NOVN.VX
SWISS BANKS
About 80 of the 106 Swiss banks that signed up for a deal
with U.S. tax authorities could be fined less than they had
feared for their role in helping wealthy Americans cheat on
their taxes, but must widen their cooperation, a Swiss newspaper
reported.
For more, click on ID:L6N0Q106M
MEDICAL NUTRITION, NESTLE NESN.VX
French dairy group Danone DANO.PA is in talks to sell its
medical nutrition business to U.S. group Hospira HSP.N in a
deal valuing the unit at about $5 billion, the Financial Times
reported on Sunday, citing people familiar with the situation.
For more, click on DANO.PA
SWATCH GROUP UHR.VX
Swatch Group plans to equip its Swatch Touch line of plastic
watches with electronic functions to measure personal fitness,
in a bid to tap into the market for wearable gadgets, the
company's chief executive told a newspaper.
For more, click on UHR.VX
COMPANY STATEMENTS CPR-CH
* AFG Arbonia-Forster Holding AFGN.S said it appointed
William J. Christensen, currently member of the executive board
at Geberit, as new chief executive from Nov. 1. AFGN.S
* Bellevue Group AG BBN.S said its net profit rose 6
percent to 6.9 million Swiss francs in the first half of the
year. BBN.S
* Bravofly Rumbo Group BRGF.S said preliminary adjusted
EBITDA rose to 12 million euros in the first half of the year
and announced a share buyback programme of up to 10 million
euros. BRGF.S
* Geberit GEBN.VX said William J. Christensen, a member of
the group's executive board, will leave the group at the end of
the third quarter. GEBN.VX
* SGS SGSN.VX said it was acquiring Galson Laboratories
Inc., a provider of industrial hygiene analysis with 115 staff
and revenues in excess of $17 million in 2013. SGSN.VX
ECONOMY M-CH
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Keywords: MARKETS SWISS STOCKS