Swiss stocks - Factors to watch on Feb. 11

Leonteq AG

11/02/2019 05:57

ZURICH/BERLIN, Feb 11 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
    
    CREDIT SUISSE  CSGN.S 
    Credit Suisse's investment banking operation has been scaled
back enough, Chairman Urs Rohner was quoted saying in a
newspaper interview, underscoring the number two Swiss bank's
commitment to the business.  urn:newsml:reuters.com:*:nL5N20407V
    
    UBS  UBSG.S 
    Chief Executive Sergio Ermotti could move to the Swiss
bank's board of directors and eventually replace Axel Weber as
chairman, the SonntagsZeitung newspaper reported, citing a
"scenario" outlined by unnamed Ermotti allies  urn:newsml:reuters.com:*:nL5N20505M
    Separately, the bank has overhauled its pay policy for
10,000 staff in an attempt to reduce uncertainty about bonuses
and cut the amount of time managers spend on allocating them,
the Financial Times reported on Sunday. 
    
    LEONTEQ  LEON.S   
    The derivatives specialist is sticking to its 300 million
Swiss franc ($300 million) operating income goal despite a slow
start to the year amid cautious client trading, Chief Executive
Lukas Ruflin tells the Finanz und Wirtschaft paper.  urn:newsml:reuters.com:*:nL5N204064
      
    ZUR ROSE  ROSEG.S 
    The online pharmacy group sees 2019 as a year of
consolidating recent acquisitions, Chief Executive Walter
Oberhaensli tells Swiss paper Finanz und Wirtschaft.
 urn:newsml:reuters.com:*:nL5N204068
    
    PANALPINA  PWTN.S 
    Finanz und Wirtschaft's Praktikus column says Goldman Sachs
has sounded out professional investors about what price they
would be prepared to accept to tender shares in logistics group
Panalpina. It says Goldman Sachs advised the foundation that is
Panalpina's major shareholder and which rebuffed a
stock-and-cash offer initially worth around 170 Swiss francs a
share from Danish group DSV  DSV.CO . "The bank's approach is a
signal. The foundation could say yes to an offer closer to 200
francs," the paper says without giving any source for the
information.
    
    SWISSCOM  SCMN.S /SUNRISE  SRCG.S /SALT
    The rollout of 5G mobile services in Switzerland could be
delayed by the need for more antennas, the head of industry
association Asut told the NZZ am Sonntag paper.
    "We assume that around 15,000 additional mobile sites will
have to be built unless emission limits are adjusted," 
Christian Grasser was cited as saying.
     
    
    SNB/PENSION FUNDS
    The head of the Swiss pension fund association, Hanspeter
Konrad, welcomes a call to have the Swiss National Bank channel
the money it makes from negative interest rates to the sector to
help relieve financial pressure negative rates bring.
    "All measures that promote a correction of these negative
rates and set a conscious signal against the National Bank are
to be supported," he told the NZZ am Sonntag newspaper.
    
    COMPANY STATEMENTS  E-CH 
    * Airopack  AIRN.S  said that discussions with its lenders
led to the result that no comprehensive refinancing of the
company as a whole was achievable.  urn:newsml:reuters.com:*:nFWN2031CV
    * Comet Holding  COTNE.S  reported a full-year net income of
12.3 million Swiss francs.  urn:newsml:reuters.com:*:nFWN2031AJ
    
    
    ECONOMY  M-CH 
    Swiss voters rejected on Sunday a proposal to limit urban
sprawl by freezing the size of construction zones, rebuffing a
plea from environmentalists to protect open spaces from the
advance of bulldozers.  urn:newsml:reuters.com:*:nL5N20507H
    Switzerland will sign an agreement with Britain on Monday to
continue trading on preferential terms after Brexit, the British
trade department said.  urn:newsml:reuters.com:*:nL5N2050GH
    
    
    * January CPI due at 0730 GMT. Seen at +0.6 pct y/y. 


    

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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