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Swiss stocks - Factors to watch on Feb 14
February 14, 2017 / 5:37 AM / 7 months ago

Swiss stocks - Factors to watch on Feb 14

ZURICH, Feb 14 (Reuters) - The Swiss blue-chip SMI was seen opening barely higher at 8,466 points on Tuesday, according to premarket indications by bank Julius Baer .

The following are some of the main factors expected to affect Swiss stocks.

CREDIT SUISSE

Credit Suisse posted a 2.44 billion Swiss franc ($2.43 billion) net loss for 2016, its second straight year in the red, keeping pressure on Chief Executive Tidjane Thiam to deliver on his turnaround plan for Switzerland’s second-biggest bank.

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ACTELION

The Swiss drugmaker being bought by J&J said 2016 core net income rose 27 percent on accelerating sales of its newer medicines to treat deadly pulmonary arterial hypertension

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ARYZTA <ARYN.S]

The Swiss-Irish breadmaker said Chief Executive Owen Killian, along with two other top managers including its CFO, will resign at the end of the fiscal year.

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SYNGENTA

U.S. extends antitrust review of ChemChina deal - Bloomberg

Source link: bloom.bg/2kqONGR

COMPANY STATEMENTS

* gategroup said it raised 300 million francs by issuing 5-yr senior bond.

* Bell AG said the Swiss meat producer and distributor increased its 2016 sales by 20.3 percent to 3.390 billion Swiss francs ($3.38 billion).

* Flughafen Zuerich said passengers numbers in January rose 8.7 percent year-on-year to 1.96 million passengers.

ECONOMY

Swiss CPI for January at 0815 GMT

Swiss Producer/Import Prices for January at 0815 GMT

Reporting by Zurich newsroom

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