Swiss stocks - Factors to watch on Sept 9

 

Swiss shares were poised to open lower on Wednesday, in line with markets across Europe after losses in Asia.

The Swiss blue-chip index SMI was indicated to open down some 29 points at the open to 6,166 points, pre-market data provided by bank Clariden Leu showed.

The following are some of the main factors expected to affect Swiss stocks on Wednesday.

JULIUS BAER

Julius Baer said on Wednesday it was listing its U.S. asset management arm Artio on the U.S. stock market.

Swiss refining group Petroplus will issue $400 million of senior notes, $150 million of convertible bonds and 290 million Swiss francs ($275 million) in new shares to boost its balancesheet.

RICHEMONT

Richemont, the luxury goods group behind Cartier jewellery and Chloe handbags, struck a cautious note about future demand on Wednesday despite signs the rate of decline in its sales was slowing.

KUEHNE + NAGEL

Company holds investor day 

ZURICH FINANCIAL SERVICES

Company priced $750 million 2013 bond

ECONOMY

*KOF issues consensus forecasts for growth

COMPANY STATEMENTS

* ABB names Brice Koch to Group Executive Committee. Manager of China business to take on new role as Head of Marketing and Customer Solutions

* Burkhalter Group substantially increases its operating profit in the first half of 2009

EQUITY RESEARCH

.EX.S for all Swiss stocks

.EXSMI.S for blue chips  

.EXNSMI.S for other stocks