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Swiss stocks - Factors to watch on Sept 11
September 11, 2013 / 4:41 AM / 4 years ago

Swiss stocks - Factors to watch on Sept 11

ZURICH, Sept 11 (Reuters) - Swiss stocks were expected to open steady on Wednesday as fading worries about a U.S. military strike on Syria and recent positive economic data from China support risk sentiment.

The Swiss blue-chip SMI was seen opening a touch higher at 8,041 points, according to premarket indications by bank Julius Baer

The following are some of the main factors expected to affect Swiss stocks on Wednesday:

COMPANY STATEMENTS

* Roche Diagnostics International and Advanced Biological Laboratories (ABL) of Luxembourg signed a collaboration agreement to promote their next-generation sequencing, genotyping and drug resistance products.

* Holcim says U.S.-based asset manager Harris Associates L.P. now owns 5.11 pct of voting rights and registered share capital of the cement maker.

* Actelion is initiating Phase III clinical development of the novel antibiotic cadazolid in patients suffering from Clostridium difficile associated diarrhea.

* Graubuendner Kantonalbank says ratings agency Standard & Poor’s confirms its AA+ rating on the bank. The standalone rating, without an implied government guarantee, is AA-

* Schaffner confirms sales growth for fiscal 2012/13.

* SHL Telemedicine announces election of Board Members at AGM.

ECONOMY

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