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Swiss stocks - Factors to watch on June 15
June 15, 2017 / 5:00 AM / 6 months ago

Swiss stocks - Factors to watch on June 15

ZURICH, June 15 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1 percent up at 8,857 points on Thursday, according to premarket indications by bank Julius Baer .

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


Switzerland’s central bank on Thursday told the two big Swiss banks, UBS and Credit Suisse, they still need to draft credible plans for a potential insolvency, part of the country’s efforts to prepare for a banking crisis.

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* Basilea said it concluded a license agreement with Pfizer for antifungal Cresemba (isavuconazole) for Europe, Russia, Turkey and Israel. The shares were seen rising more than 6 percent.

* Arbonia said shares of Looser Holding are being canceled following the merger of the two companies.

* Kuoni said it has launched a cash tender offer for its outstanding 200 million franc 1.5 percent 2013-2019 bond

* SHL Telemedicine Ltd said it had appointed Yossi Vadnagra as CFO.

* Implenia said it had begun concrete implementation of its Werk 1 project in Winterthur, Switzerland.

* Novartis said its drug Cosentyx has demonstrated sustained improvements in signs and symptoms for both active ankylosing spondylitis and psoriatic arthritis in up to 80 percent of patients at 3 years.


* The Swiss National Bank publishes its monetary policy assessment at 0730 GMT.

* Swiss producer and import prices for May are due at 0715 GMT.

Reporting by Zurich newsroom

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