January 9, 2019 / 5:54 AM / 8 days ago

Swiss stocks - Factors to watch on Jan. 9

ZURICH/BERLIN, Jan 9 (Reuters) - The Swiss blue-chip SMI was seen opening 0.4 percent higher at 8,668 points on Wednesday, according to premarket indications by bank Julius Baer.

Here are some of the main factors that may affect Swiss stocks :

SWISS NATIONAL BANK

The central bank said it expects to swing to an annual loss of 15 billion Swiss francs ($15.29 billion) for 2018 as slumping stock markets and the rising franc slashed the value of its massive foreign currency investments.

For more news, click on

COMPANY STATEMENTS

* Roche said it expected mid single digit sales growth and core EPS growth broadly in line with sales, excluding the U.S. tax reform benefit, in 2018, according to a presentation at a J.P. Morgan conference.

* Intershop Holding said it would propose the appointment of Kurt Ritz to the Board of Directors at its annual general meeting on April 4.

* Basilea said it had positive interim results from a registrational Phase 2 Study with Derazantinib.

* Orascom Development said it has entered into an agreement with Samih Sawiris for the potential purchase of 1 pct and one share of Andermatt Swiss Alps within the next two years.

ANALYSTS’ VIEWS

AMS - Credit Suisse cuts to “underperform” from “neutral”

LAFARGEHOLCIM - Davy raises to “neutral” from “underperform”

FLUGHAFEN ZUERICH - Barclays raises to “overweight” from “equal weight”, cuts its target price to 190 Swiss Francs from 222 francs.

ECONOMY

* December CPI due at 0730 GMT. Seen at +0.8 pct y/y

* Swiss forex reserves due at 0800 GMT.

Reporting by Zurich newsroom and Berlin Speed Desk

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below