Swiss stocks - Factors to watch on Jan 26
26/01/2015 07:08
ZURICH, Jan 26 (Reuters) - Swiss stocks were expected to
open lower on Monday, tracking European shares, on heightened
concerns the Greek election results could lead to renewed
instability in Europe.
The Swiss blue-chip SMI .SSMI was seen opening down 0.8
percent at 8,099 points, according to premarket indications by
bank Julius Baer JBPRE01 .
The following are some of the main factors expected to
affect Swiss stocks on Monday:
CREDIT SUISSE CSGN.VX
The Swiss bank is considering a cost-savings package in
response to the recent appreciation of Switzerland's currency, a
Swiss newspaper reported on Sunday.
For more click on CSGN.VX
SIKA SIK.VX
The company's board of directors said on Monday the voting
privilege of the Swiss family that owns a controlling stake in
the chemicals company should be taken away.
For more click on SIK.VX
SWATCH
The watchmaker will not change its long-term strategy in
response to the Swiss National Bank's decision to end its
currency cap against the euro, its chief executive said in a
newspaper interview published on Sunday.
For more click on UHR.VX
ADECCO ADEN.VX
The staffing firm's chief executive said in an interview
published on Sunday he believed the company would hit its margin
target for 2015, despite sluggish growth in the euro zone.
For more click on ADEN.VX
COMPANY STATEMENTS CPR-CH
* Starrag Group STGN.S said the Swiss franc's recent
appreciation will have an impact on the competitiveness of its
factories in Switzerland, as it posted sales for 2014 of 393
million Swiss francs, an increase of 0.6 percent from the
previous year's figure. STGN.S
* CREALOGIX CLXN.S said it had acquired MBA Systems, a
British supplier of web-based solutions and services to the
securities and wealth management industries. CLXN.S
* Cytos CYTN.S said trading of its shares and convertible
bonds will be suspended from ten minutes prior to the start of a
meeting of bondholders to vote on a restructuring proposal for
convertible bonds, until at least one hour after the outcome has
been communicated by the company. CYTN.S
ECONOMY M-CH
State-owned China Construction Bank (CCB) is expected to
open a Swiss branch during 2015, the Swiss finance minister was
quoted on Saturday as saying, following a deal to establish
clearing arrangements in Switzerland for trading in China's
currency.
For more click on ID:nL6N0V30D7
Switzerland cannot allow its currency to remain at its
current heady levels against the euro over the longer term
because it will be too damaging for the Swiss economy, Austria's
finance minister was quoted on Sunday as saying.
For more click on ID:nL6N0V405K
((Zurich newsroom +41 58 306 7336,
zurich.newsroom@thomsonreuters.com))
((Xtra clients: for Top News Pages in multimedia Web format,
double click on http://topnews.session.rservices.com
FOR RELATED PRICES, NEWS AND OTHER TOPICS, DOUBLE-CLICK ON:
Daily Swiss stock market report in German................ .SDE
Daily pan-European stocks index SMI moves.................. .SSMI
All SMI constituent stocks............................ 0#.SSMI
News on major Swiss stock price moves.................. CH-HOT
Table on major world stock market performance........... .STX
FTSE Eurotop 300 index................................ .FTEU3
DJ STOXX index........................................ .STOXX
Top 10 STOXX sectors............................. .PGL.STOXXS
Top 10 EUROSTOXX sectors........................ .PGL.STOXXES
Top 10 Eurotop 300 sectors....................... .PGL.FTEU3S
Top 25 European pct gainers... .PG.PEUR , losers... .PL.PEUR
Swiss mid-cap index .SSMI SMI futures 0#SMI:
Swiss all-share index .SSHI Market statistics CH/STATS1
Swiss market digest .AD.S Sector overview CH/SECTOR1
All Swiss news CH Swiss diary CH/DIARY
Swiss research news CH-RCH Virt-x sectors VX/SECTOR1
All equity news E Virt-x price index .VMIP
INTERNET ADDRESSES: Virt-x www.virt-x.com
Swiss Exchange www.swx.ch/ SEGAIntersettle www.sega.ch/
Eurex www.eurexchange.com STOXX Ltd www.stoxx.com
SPEED GUIDES: VX/EQUITY EQUITY EQUITY/NEWS1 EUR/EQUITY
SWITZERLAND REUTERS ))
Keywords: MARKETS SWISS STOCKS