Thursday April 2, 07:57 AM
Swiss stocks - Factors to watch on April 2
ZURICH, April 2 (Reuters) - Swiss shares were indicated
higher on Thursday as European stocks were expected to start the
trading day sharply up following gains by U.S. and Asian markets
awaited a G20 summit and a European Central Bank meeting.
The blue-chip index SMI (0198.HK - news) was indicated to open 76
points higher at 5,094 points, according to data provided by
Clariden Leu.
Swiss Re (Virt-X: RUKN.VX - news) was indicated to open up 2.2 percent at
ABB (Virt-X: ABBN.VX - news) was seen up 0.74 percent.
The following are some of the main factors expected to
affect Swiss stocks on Thursday:
ABB (Stockholm: ABB-U.ST - news)
Swedish-Swiss engineering giant ABB warned on Thursday that
base orders were deteriorating and that it expected volatility
in commodities and currencies to hurt its core profit this
quarter.
For a story, click on
ADECCO (Virt-X: ADEN.VX - news) , BARRY CALLEBAUT (BARN.SW - news)
* Adecco, the world's largest staffing company, said on
Thursday Barry Callebaut Chief Executive Patrick De Maeseneire
would take over as head of the group from June 1, replacing
Dieter Scheiff.
For a story, click on
* Barry Callebaut says H1 net profit 143.4 million Swiss
francs.
For a story, click on
SWISS RE
Company said plans to cut 10 pct of workforce, appoints new
COO.
For a story, click on
ROCHE (Virt-X: ROG.VX - news)
Roche Holding AG's LightCycler test for detecting the
superbug MRSA is now available in the European Union, the Swiss
drugmaker said on Thursday.
For a story, click on
UBS
* The bank (TBHS - news) has named Stephen Gore as head of Asia mergers
and acquisitions and corporate finance, according to an internal
memo seen by Reuters.
* The U.S. Justice Department has opened about 100 criminal
investigations into wealthy American clients of the Swiss bank
UBS (Virt-X: UBSN.VX - news) , the New York times (NYSE: NYT - news) reported.
For a story, click on
ZURICH FINANCIAL SERVICES
Company holds AGM
For a story, click on
LOGITECH
Company said CFO resigned.
For a story, click on
ECONOMY
COMPANY STATEMENTS
*Valora 2008 net sales up 3.9 pct in Swiss francs
*Private bank Edmond de Rothschild 2008 net profit
at 201 million Swiss francs
*
EQUITY RESEARCH
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Keywords: MARKETS SWISS STOCKS
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