Swiss stocks - Factors to watch on Tuesday, Jan. 8
08/01/2019 05:49
ZURICH/BERLIN, Jan 8 (Reuters) - The Swiss blue-chip SMI
.SSMI was seen opening 0.90 lower at 8,566 points on Tuesday,
according to premarket indications by bank Julius Baer
JBPRE01 .
Here are some of the main factors that may affect Swiss
stocks:
SNB
The Swiss National Bank sees no reason to alter its
ultra-loose monetary stance, especially as political risks have
increased, Vice-Chairman Fritz Zurbruegg told broadcaster SRF.
urn:newsml:reuters.com:*:nZ8N1UN015
SIKA SIKA.S
Sika said it made an offer to buy French chemical company
Parex from a fund owned by CVC Capital Partners for an
enterprise value of 2.5 billion Swiss francs. urn:newsml:reuters.com:*:nL3N1Z81R0
Additionally, Sika reported higher full-year sales of 7.09
billion Swiss francs for 2018, beating its target of achieving 7
billion francs for the first time. urn:newsml:reuters.com:*:nL3N1Z81RL
NOVARTIS NOVN.S
U.S. pharmaceuticals company Durect DRRX.O said that
Sandoz was terminating its development and commercialisation
agreement with the Novartis division. urn:newsml:reuters.com:*:nFWN1Z70W8
Novartis also said it plans to file for U.S. approval of its
drug SEG101 against pain crises in sickle cell disease in the
first half of 2019 after winning the FDA's Breakthrough Therapy
label.
FLUGHAFEN ZUERICH FHZN.S
International airport operators including Flughafen Zuerich
are evaluating India's privatisation plans for six airports,
business daily Mint reported. urn:newsml:reuters.com:*:nL3N1Z81LI
COMPANY STATEMENTS E-CH
* Burkhalter BRKN.S said it would buy AS Stuber GmbH, a
company that offers electrical engineering services.
urn:newsml:reuters.com:*:nFWN1Z7194
* Swiss Prime Site SPSN.S said it had "significant"
letting successes in the fourth quarter of 2018 and was able to
maintain a vacancy rate of under 5 percent, as planned SPSN.S
* Valiant Holding VATN.S said it placed covered bonds with
investors, with a value of 303 million Swiss francs VATN.S
ANALYSTS' VIEWS
SWISS LIFE HOLDING AG SLHN.S : JP Morgan raises to
"overweight" from "neutral".
SENSIRION SENSI.S : JP Morgan cuts target price to 43
francs from 53 francs
SWISS ECONOMY M-CH
* Jobless data due at 0645 GMT. Adjusted unemployment rate
seen at 2.4 pct
* Retail sales data due at 0730 GMT
* Government bond announcement due
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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