Swiss stocks - Factors to watch On June 25

Phoenix Mecano AG

25/06/2014 07:17

ZURICH, June 25 (Reuters) - Swiss stocks were seen following 
Asian shares lower on Wednesday, as concerns over escalating 
violence in Iraq weigh on equities. 
    The Swiss blue-chip SMI  .SSMI  was seen opening down 0.46 
percent at 8,633.31 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. 
       
    COMPANY STATEMENTS  CPR-CH  
    * HIAG Immobilien  HIAG.S  said it had acquired a 26,231 
square metre plot of land from Cham Nord Immobilien AG, adding 
to its holdings in the "Cham Nord" area and making it the area's 
sole land owner. 
    * Phoenix Mecano  PM.S  said it would complete a deal on 
July 1 to buy Germany-based REDUR Messwandler GmbH for an 
undisclosed price. 
    * Basilea  BSLN.S  said it had been told by the U.S. Food 
and Drug Administration that potential regulatory approval of 
ceftobiprole for the treatment of pneumonia would require 
additional phase 3 data. 
     
    ECONOMY  M-CH  
    The UBS Swiss consumption indicator rose to 1.77 points in 
May from a revised 1.68 points in April, the Swiss bank's 
economists said on Wednesday. 
     
    ((Zurich newsroom +41 58 306 7340, fax 41 44 251 0476,  
zurich.newsroom@news.reuters.com))  
 
  
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 Daily Swiss stock market report in German................ .SDE  
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 News on major Swiss stock price moves.................. CH-HOT  
 Table on major world stock market performance...........  .STX  
 FTSE Eurotop 300 index................................  .FTEU3  
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 Top 25 European pct gainers...  .PG.PEUR , losers...  .PL.PEUR  
     
 Swiss mid-cap index      .SSMI   SMI futures            0#SMI:  
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Keywords: MARKETS SWISS STOCKS