Swiss stocks - Factors to watch on March 16

Schlatter Industries AG

16/03/2015 05:36

ZURICH, March 16 (Reuters) - The following are some of the 
main factors expected to affect Swiss stocks on Monday 
       
    CREDIT SUISSE  CSGN.VX  
    Credit Suisse Group AG  CSGN.VX  has no plans to raise more 
capital, its chairman said in an interview published in the 
SonntagsZeitung newspaper on Sunday. 
    For more, click on  CSGN.VX  
     
    COMPANY STATEMENTS  CPR-CH  
    * Schlatter  STRN.S  said it is likely to record a loss of 
up to a mid-range single digit million in the current business 
year due to the significant weakening of the euro, but aims for 
a minimum of break-even in the fiscal year 2016 after putting in 
place comprehensive measures to offset the unfavourable currency 
impact. One of the firm's major shareholders has guaranteed an 
increase in capital of at least 10 million Swiss francs, to help 
cope with the reduced risk capability of its balance sheet. 
 STRN.S  
     
    ECONOMY  M-CH  
    Weekly sight deposits due at 0800 GMT 
    January retail sales due at 0815 GMT 
    February PPI due at 0815 GMT 
     
    Switzerland's government has shrugged off requests by 
political parties to lessen the economic impact of the removal 
of a cap on the value of the Swiss franc, the Swiss national 
news agency reported on Saturday. 
    For more, click on  urn:newsml:reuters.com:*:nL6N0WG0AA 
     
    The Swiss government said on Friday that is has appointed 
Graubuenden cantonal official Barbara Janom Steiner to the Swiss 
National Bank's council to replace Laura Sadis, who tendered her 
resignation for the end of March.  
    The Swiss National Bank council supervises and monitors the 
conduct of business by the central bank, in particular as 
regards compliance with legislation, regulations and directives, 
but has no influence on monetary policy. 
     
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))