ZURICH, March 24 The Swiss blue-chip SMI
was seen opening 0.09 percent down at 8,621 points on Friday,
according to premarket indications by bank Julius Baer
The following are some of the main factors expected to
affect Swiss stocks:
EU antitrust regulators are set to clear the $130 billion
Dow Chemical and DuPont merger and ChemChina's $43 billion bid
for Syngenta next week, people familiar with the matter said on
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CREDIT SUISSE <CSGN.S.
The Swiss bank said on Friday in its annual report that it
paid CEO Tidjane Thiam 11.9 million Swiss francs ($11.95
million) in 2016, up from 4.57 million in 2015. The Zurich-based
bank hiked its full-year loss to 2.71 billion Swiss francs, from
2.44 billion previously reported, after reaching a tentative
deal over residential mortgage backed securities.
Credit Suisse is considering a quickfire share sale --
rather than pursuing a separate listing for its Swiss banking
division -- two sources close to the matter told Reuters on
Thursday, in a move that could raise 3 billion Swiss francs.
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Swiss watchmakers expect the market to stay challenging this
year with the United States, their second-biggest market,
showing no signs of recovering, executives told Reuters at an
industry fair in Basel.
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* Dufry said its subsidiary Hellenic Duty Free
Shops and Fraport Greece signed a 30-year contract covering 14
* SHL Telemedicine said Elon Shalev was elected by
the board to serve as chairman.
* Roche said FDA grants breakthrough therapy
designation for Rituxan in Pemphigus Vulgaris, in which the
immune system produces antibodies in the skin and mucous leading
to painful blisters.
* Interroll said it boosted net profit by nearly 24
percent to 36.2 million Swiss francs.
* EFG International said Franco Polloni has been
appointed head of central Switzerland, Ticino & Italy region. He
replaces Renato Santi, who will leave EFG after the legal
integration of BSI’s Swiss business.
* Adval Tech Holding AG said FY total income was
227.1 million Swiss francs, slightly up from 224.3 million
francs in 2015.
* Cosmo Pharmaceuticals NV said FY profit after tax
was 19.3 million euros ($20.78 million), less than 2015 results
of 248.2 million francs, a figure primarily driven by a gain on
sale of Cassiopea shares.
* Galenica said it plans to publish details of its
planned Sante IPO on Friday after the stock market closes.
SWISS NATIONAL BANK
The Swiss central bank is looking at ways to diversify the
vast foreign currency assets it built up during its campaign to
rein in the highly valued Swiss franc, SNB Governing Board
member Andrea Maechler said on Thursday.
Argentina: Demand for Swiss franc bonds exceeded amount sold
Argentine Finance Minister Luis Caputo said demand for Swiss
franc bonds had exceeded the 400 million Swiss francs ($402.94
million) the country sold on Thursday, and that the timing of a
return to the global bond markets would depend on the advice of
($1 = 0.9289 euros)
($1 = 0.9954 Swiss francs)
(Reporting by Zurich newsroom)