Swiss stocks - Factors to watch on Oct 22
22/10/2014 07:23
ZURICH, Oct 22 (Reuters) - Swiss stocks were expected to
open higher on Wednesday, boosted by positive corporate results
and expectations of further action by the European Central Bank
to support the region's economy.
The Swiss blue-chip SMI .SSMI was seen opening up 0.5
percent at 8,445 points, according to premarket indications by
bank Julius Baer JBPRE01 .
The following are some of the main factors expected to
affect Swiss stocks on Wednesday:
ABB ABBN.VX
The Swiss engineering group posted a bigger-than-expected
rise in third-quarter orders, helped by demand from the oil and
gas industries, but said the outlook for the global economy was
increasingly uncertain.
For more, click on ABBN.VX
ROCHE ROG.VX
The Swiss drugmaker said it would spend 3 billion Swiss
francs ($3.2 billion) to upgrade its Basel headquarters, a vote
of confidence in its Swiss base despite ongoing uncertainty over
the country's immigration laws.
For more, click on ROG.VX
MOLECULAR PARTNERS
Swiss biotech company Molecular Partners IPO-MOLE.S said
on Tuesday it had decided to put its initial public offering on
hold until further notice due to adverse market conditions.
For more, click on IPO-MOLE.S
COMPANY STATEMENTS CPR-CH
* Orior AG ORON.S said it has appointed Daniel Lutz as the
group's new chief executive. Lutz, who is currently managing
director of Nestle NESN.VX Food and Beverage in the Greater
China region, will begin his new role in February 2015. ORON.S
* Temenos TEMN.S said non-IFRS earnings per share were
$0.28 in the third quarter, unchanged from the prior year, and
confirmed its full-year guidance. TEMN.S
* Helvetia HELN.S said it has placed a
Dual-Tranche-Senior-Bond of 375 million Swiss francs and thus
successfully completed the financing of the Nationale Suisse
Schweizerische Versicherung AG (Nationale Suisse) take-over.
HELN.S
* Inficon IFCN.S posted third-quarter net income of $9
million, a 43 percent rise compared with the same period last
year, and gave more precise financial forecasts for 2014.
IFCN.S
* Dual Real Estate Investment DREI.BN posted first-half
net profit before revaluation of 1.96 million Swiss francs.
DREI.BN
ECONOMY M-CH
* Swiss National Bank board member Fritz Zurbruegg said on
Tuesday current interest rates were appropriate and the central
bank would defend its cap on the Swiss franc with unlimited
purchases of foreign currency and take further measures if
needed. SNB
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