Swiss stocks - Factors to watch on Jan 13
13/01/2015 07:08
ZURICH, Jan 13 (Reuters) - Swiss stocks were expected to
open slightly lower on Tuesday, in line with European markets
set to dip, as the relentless drop in oil prices fuels worries
over corporate profits in the energy sector.
The Swiss blue-chip SMI .SSMI was seen falling 0.1 percent
to 9,142 points, according to premarket indications from bank
Julius Baer JBPRE01 .
The following are some of the main factors expected to
affect Swiss stocks on Tuesday:
UBS UBSG.VX
A lawyer for a former UBS AG trader charged with engaging in
a fraud conspiracy following a U.S. investigation of Libor rate
manipulation on Monday urged a New York federal judge to dismiss
the case.
For more click on ID:nL1N0UR2H7
GEBERIT GEBN.VX
Switzerland's Geberit AG GEBN.VX posted fourth-quarter sales
roughly in line with analysts' estimates on Tuesday, as sales
growth in America and Asia helped to offset a flat development
in Europe.
For more click on GEBN.VX
LINDT & SPRUENGLI LISN.S
Switzerland's Lindt & Spruengli confirmed its operating
profit margin target for 2014 after strong growth in North
America and western Europe helped underlying sales rise 10
percent last year, far ahead of global market growth.
For more click on LISN.S
COMPANY STATEMENTS CPR-CH
* Roche ROG.VX said it had entered into a license
agreement with Meiji and Fedora for the development and
commercialisation of OP0595 antibiotic. ROG.VX
* Swisslog SLOG.S said its Chief Financial Officer
Christian Maeder will leave the firm as of end of April 2015.
Daniel Bader, previously Head Group Controlling, will become new
CFO. SLOG.S
* Sika SIK.VX said sales grew 5.1 percent in the fourth
quarter. SIK.VX
* Temenos Group TEMN.S said it expects full-year non-IFRS
EBIT growth of between 11 percent and 20 percent. TEMN.S
* Bossard Holding BOS.S said revenues rose 1.9 percent to
621.3 million Swiss francs in 2014. BOS.S
* Novartis NOVN.VX said it plans a 2015 registration drug
of its leukemia drug CTL019 in 2015 with an eye on filing for
approval in 2016. It also said it expects approval of its heart
failure drug LCZ696 in the second half of this year.
* OTI Energy OTI.S said the chairman of its board of
directors Marco Marenco had resigned with immediate effect for
personal reasons and to better attend his foreign business
affairs. OTI.S
ECONOMY M-CH
* The Swiss National Bank's cap on the franc at 1.20 per
euro will remain its key monetary policy tool, the central
bank's vice-chairman said in a television interview broadcast on
Monday. SNB
* The Swiss Federal Treasury said it was reopening a 1.5
percent bond maturing in 2025 and a 2.25 percent bond maturing
in 2031 in a tender SWIW .
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