January 22, 2018 / 5:37 AM / a year ago

Swiss stocks - Factors to watch on Jan 22

ZURICH, Jan 22 (Reuters) - The Swiss blue-chip SMI was seen opening 0.23 percent higher at 9,532 points on Monday, according to premarket indications by bank Julius Baer .

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


Switzerland’s biggest bank on Monday proposed an increased dividend and new share buyback programme despite a hefty writedown from the tax overhaul in the United States.

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The Swiss luxury goods maker on Monday offered nearly 2.8 billion euros ($3.42 billion) to buy Yoox Net-A-Porter shares it does not already own for 38 euros each, a nearly 26 percent premium to the Italian Internet retailer’s closing price last week.

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The Schweiz am Wochenede paper reported that the 2017 bonus pool at Credit Suisse was likely to rise nearly 10 percent to around 3.4 billion Swiss francs, more than the 6 percent rise in 2016. The pool at UBS was also set to rise by a single-digit amount after falling 17 percent to 2.9 billion in 2016, it cited, without citing its sources.


* Novartis said on Monday that it completed its tender offer for France’s Advanced Accelerator Applications, a $3.9 billion acquisition announced last October to strengthen the Swiss company’s cancer portfolio.

* Sika’s rising share price offers an opportunity to settle its ongoing takeover fight with is founding family by offering its founding a higher price than Saint-Gobain has offered them, Sika CEO Paul Schuler told Finanz und Wirtschaft in an interview.

* Daetwyler Holding said it has extended a partnership with Nestle’s Nespresso.

* CPH Chemie und Papier Holding said its unit Perlen Packaging bought a majority stake in Sekoya Industria e Comercio Ltda.

* Interroll Holding said full-year net sales rose 12.3 percent 450.7 million francs.

* Zur Rose Group said it is opening additional “shop-in-shop” pharmacies in Swiss retailer Migros locations.


Swiss Economy Minister Johann Schneider-Ammann said he was not worried that U.S. companies based in Switzerland would move back home to take advantage of a new tax regime ushered in by President Donald Trump’s administration.


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

$1 = 0.9630 Swiss francs $1 = 0.8184 euros $1 = 0.8179 euros Reporting by Zurich newsroom

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