Swiss stocks - Factors to watch on Oct 29
ZURICH |
ZURICH Oct 29 (Reuters) - Swiss stocks are poised to open weaker on Thursday, in line with markets across Europe and tracking losses on Wall Street as investors fretted about the economic recovery.
The Swiss blue-chip index SMI .SSMI was indicated to open 49 points lower at 6,231 points, premarket data provided by bank Clariden Leu showed. CLPRE.
The following are some of the main factors expected to affect Swiss stocks on Thursday:
ABB (ABBN.VX)
Engineering group ABB stuck to its cautious outlook for the rest of the year and 2010 as third-quarter orders slumped 21 percent.
For related news click on [ABBN.VX]
ROCHE (ROG.VX)
Roche's partner Ipsen announced Taspoglutide met its primary endpoint in the first Phase III clinical trial.
For related news click on [ROG.VX]
LONZA (LONN.VX)
Lonza cut its full year target and now expects its operating profit to fall to 360-380 million Swiss francs ($353-$373 million) in 2009 due to postponing and cancellation of orders.
For related news click on [LONN.VX]
STRAUMANN (STMN.S)
Swiss dental implant maker Straumann said on Thursday it aimed to gain further market share after third-quarter sales held up better than those of rivals thanks to its less costly product mix.
For related news click on [STMN.S]
NOVARTIS
Swiss drugmaker Novartis is on track to deliver pandemic H1N1 swine flu vaccine to the United States, in line with its commitments despite low yields of the initial seed virus, it said on Thursday.
For related news click on [NOVN.VX]
ECONOMY [M-CH]
COMPANY STATEMENTS [CNR-CH]
* Acino (ACIN.S) says Q3 revenues 66.6 mln Sfr [ACIN.S]
* Bucher (BUCN.S) says order intake stabilised at a low level [BUCN.S]
* Evolva ARPN.S appoints Jessica Mann as Chief Medical Officer [ARPN.S]
* CFT (CFT.S) - Consolidated turnover for the nine months ended 30 September 2009: CHF 1,048.9 million [CFR.S]
* Gurit (GUR.S) 9-month sales figures [GUR.S]
* ADB (ADBN.S) delivers a mid-period business update [ADBN.S]
* Swiss Prime Site (SPSN.S) - Closing of the exchange offer concerning Jelmoli Holding Ltd [SPSN.S] * Zueblin (ZUBN.S) announces solid preliminary half-year results for FY 2009/2010 and calls extraordinary general meeting to reduce nominal value of shares [ZUBN.S]
EQUITY RESEARCH [CH-RCH]
FOR COMPANIES TRADING EX-DIVIDEND, PLEASE CLICK ON:
.EX.S for all Swiss stocks
.EXSMI.S for blue chips
.EXNSMI.S for other stocks
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