June 11, 2018 / 5:31 AM / in 4 months

Swiss stocks - Factors to watch on June 11

ZURICH, June 11 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2 percent higher at 8,529 points on Monday, according to premarket indications by bank Julius Baer .

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

SIKA

The Swiss chemicals group Sika could spend up to $1 billion on acquisitions in a year to speed up its growth over the next five years, its chairman Paul Haelg told Reuters.

For more news, click on

BARRY CALLEBAUT

The Swiss chocolate maker's Chief Executive Antoine de Saint-Affrique is optimistic about the future growth in the industry and recent cocoa bean harvests, he told Swiss newspaper Finanz und Wirtschaft in an interview.

For more news, click on

EFG INTERNATIONAL

The Swiss private bank EFG International said it has more than halved the size of its executive committee to six members from 13 previously.

For more news, click on

COMPANY STATEMENTS

* Richemont said at the end of the sell out period it had acquired more than 98.4 percent of the shares in Yoox-Net-A-Porter.

* EFG International is focussed on organic growth, CEO Giorgio Pradelli told Swiss newspaper Finanz und Wirtschaft, although it could make small acquisitions in the mid-term.

* Roche said it had received FDA approval for its Venclexta plus Rituxan treatment for blood cancer.

* Lalique Group said it plans to list its shares on the SIX Swiss Exchange on June 25 and delist from the Bern exchange.

* Idorsia said it has initiated a phase 3 registration program with Nemorexant for treatment of insomnia.

* SGS said it has bought Advanced Metrology Solutions in Spain for an undisclosed sum. The company employs 25 staff and had 2017 revenues of EUR 3 million ($3.54 million).

ECONOMY

The Swiss National Bank is due to publish data on sight deposits at 0900 GMT.

SWISS FRANC

The Swiss franc weakened nearly 0.3 percent to 1.162 against the euro in early trading after voters in Switzerland rejected plan to transform the country's financial landscape by barring commercial banks from electronically creating money when they lend.

SOVEREIGN MONEY

A radical plan to transform Switzerland's financial landscape by barring commercial banks from electronically creating money when they lend was resoundingly rejected by Swiss voters on Sunday. ($1 = 0.8476 euros) (Reporting by Zurich newsroom)

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