Swiss stocks - Factors to watch on July 22
22/07/2014 07:28
ZURICH, July 22 (Reuters) - Swiss stocks were seen opening
higher on Tuesday in line with European equities, which were
seen rebounding as traders took heart from a late recovery on
Wall Street and encouraging signs in the investigation into the
downing of an airliner in Ukraine last week.
The Swiss blue-chip SMI .SSMI was seen opening up 0.4
percent at 8,545 points, according to premarket indications by
bank Julius Baer JBPRE01 .
The following are some of the main factors expected to
affect Swiss stocks on Tuesday:
CREDIT SUISSE CSGN.VX
Credit Suisse reported its biggest quarterly loss since the
collapse of Lehman Brothers in 2008, due to a 1.6 billion Swiss
franc ($1.78 billion) charge taken following a May settlement
with U.S. authorities over tax evasion charges.
For more, click on CSGN.VX
CREDIT SUISSE CSGN.VX
Credit Suisse said it was winding down its commodities
trading to focus its resources on more profitable areas of its
business.
For more, click on CSGN.VX
SWATCH GROUP UHR.VX
Swatch Group said it expected a positive second half of the
year after a rise in the Swiss franc and expenses for the Sochi
Olympic Games made net profit fall 11.5 percent in the first
half.
For more, click on [UHR.VX ]
ACTELION ATLN.VX
Actelion hiked its 2014 profit forecast for the second time
this year on Tuesday, encouraged by strong sales of its new
heart and lung drug Opsumit.
For more, click on ATLN.VX
ROCHE ROG.VX
Roche said the FDA had granted Avastin priority review for
recurrent platinum-resistant ovarian cancer.
For more, click on ROG.VX
COMPANY STATEMENTS CPR-CH
* AFG Arbonia-Forster AFGN.S said earnings before interest
tax dropped to 5.8 million francs in the first half from 18.4
million francs in the year-ago period and will likely also be
down in the full year. AFGN.S
*Sulzer SUN.S said first-half net income was 483.5 million
Swiss francs versus 99.5 million year ago, mainly due to
divestiture of Metco. SUN.S
* Swissquote SQN.S said first-half net profit fell 18
percent to 11.1 million Swiss francs. SQN.S
ECONOMY M-CH
Exports from Switzerland rose by a real 2.2 percent in June
to 16.9 billion Swiss francs ($18.81 billion) compared to the
year before, the Federal Customs Office said on Tuesday.
ID:nZ8N0JK02Q
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Keywords: MARKETS SWISS STOCKS