Swiss stocks - Factors to watch on Nov 4
04/11/2014 07:27
ZURICH, Nov 4 (Reuters) - Swiss stocks were expected to open
slightly lower on Tuesday, in line with European shares, as a
fall in the price of iron ore and Brent crude were expected to
put pressure on resource-related shares.
The Swiss blue-chip SMI .SSMI was seen opening down 0.1
percent at 8,740 points, according to premarket indications by
bank Julius Baer JBPRE01 .
The following are some of the main factors expected to
affect Swiss stocks on Tuesday:
BANKS
A former top banker who headed global wealth management at
UBS AG was found not guilty on U.S. charges of conspiring with
wealthy Americans to hide $20 billion in secret offshore
accounts.
For more, click on UBSN.VX
COMPANY STATEMENTS CPR-CH
* Molecular Partners MOLN.S said it had successfully
allocated 4.4 million shares. MOLN.S
* Luzerner Kantonalbank LUKN.S said it plans an unchanged
distribution to shareholders of 11 Swiss francs per share for
2014. LUKN.S
* Burckhardt Compression BCHN.S said it sees significantly
higher FY net income due to substantial improvement in profits
forecasted for the second half of the current fiscal year.
BCHN.S
* Looser LOHN.S said net income rose to about 17 million
Swiss francs in the first nine months of the year, compared to
16.6 million last year. LOHN.S
* Hochdorf HOCN.S said it had placed 131,529 new shares in
a capital increase with a subscription price fixed at 135 Swiss
francs per share. HOCN.S
* Tornos TOHN.S posted a nine-month net loss of 819,000
Swiss francs, compared to 17.62 million in the prior year
period. TOHN.S
* Starrag STGN.S said it expects FY 2014 order intake to
be lower than in the previous year, as nine-month sales dropped
18.8 percent. STGN.S
ECONOMY M-CH
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