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Swiss stocks - Factors to watch on June 11

Published 11/06/2018, 04:04 pm
Swiss stocks - Factors to watch on June 11
SWI20
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CFR
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ROG
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SGSN
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SIKA
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BARN
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EFGN
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IDIA
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ZURICH, June 11 (Reuters) - The Swiss blue-chip SMI .SSMI was seen opening 0.2 percent higher at 8,529 points on Monday, according to premarket indications by bank Julius Baer JBPRE01 .

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

SIKA SIK.S

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. more news, click on SIK.S

BARRY CALLEBAUT BARN.S

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. more news, click on BARN.S

EFG INTERNATIONAL EFGN.S

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

COMPANY STATEMENTS CPR-CH

* Richemont CFR.S 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. CFR.S

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

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

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

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

* SGS SGSN.S 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 M-CH

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. 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)

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