Swiss stocks - Factors to watch on July 2
02/07/2014 07:32
ZURICH, July 2 (Reuters) - Swiss stocks were expected to
open flat on Wednesday, consolidating after resilient economic
data sparked good gains in the previous session and helped to
spur U.S. stocks to all-time highs.
The Swiss blue-chip SMI .SSMI was seen opening almost
unchanged at 8608 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:
ROCHE ROG.VX
Roche Holding AG ROG.VX said it will pay up to $1.725
billion to buy San Diego-based Seragon Pharmaceuticals, a
privately-held biotech company that researches breast cancer
treatments.
For more, click on ROG.VX
COMPANY STATEMENTS CPR-CH
* Schindler SCHN.S said it will write down another 40
million Swiss francs ($45.06 million) on its stake in Hyundai
Elevator Co. 017800.KS against second-quarter earnings,
following writedowns in 219 million francs last year, and that
it may need to write down the stake further should the firm's
shares fall again. SCHN.S
* SGS SGSN.VX said it will buy Courtray Consulting SARL, a
which provides performance testing, validation and expertise
services in the hygiene disposable industry and generated 1.8
million euros ($2.46 million) in revenue last year. SGSN.VX
* Valora VALN.S said head of its services unit Alexander
Theobald will leave the company when the closing of this
division's sale has been completed and assume management
responsibility for Ringier AG's newly formed Operations &
Business Development unit from September 1. VALN.S
* Kaba KABN.S said it will split its access and data
systems into two separate units for Europe and Asia Pacific, and
hire Jim-Heng Lee to take over management of the Asian arm.
KABN.S
* Baloise BALN.VX said Standard & Poor's has increased its
rating to "A" with a stable outlook. BALN.VX
ECONOMY M-CH
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($1 = 0.7331 Euros)
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Keywords: MARKETS SWISS STOCKS