May 2, 2019 / 4:23 AM / 6 months ago

Swiss stocks - Factors to watch on May 2

ZURICH/BERLIN, May 2 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2 percent lower at 9,748 points on Thursday, according to premarket indications by bank Julius Baer .

Here are some of the main factors that may affect Swiss stocks on Thursday:


LafargeHolcim said it was selling its operations in Malaysia to YTL Cement Berhard for $396 million, the latest divestment by the Swiss cement maker as it retreats from fringe markets.

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Geberit said it expected 2019 to be a “challenging” year, citing increased economic volatility and a construction slowdown in many markets, as it reported first quarter earnings ahead of expectations.

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Swisscom confirmed its outlook for the year after a solid performance at its Fastweb unit helped net income rise slightly in the first quarter.

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The Swiss bank’s shareholders might reject the discharge of the board and top management, Chairman Axel Weber said in an interview with Swiss newspaper Blick.

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AGM due


* ABB said it signed an agreement with Volkswagen to provide robotics painting solutions for an electric vehicle factory in China. No financial details were disclosed.

* Airopack Technology reported a net loss of 56.1 million euros in its 2018 financial year.

* Basilea Pharmaceutica Ltd. said that its partner Avir Pharma Inc. launched the antifungal Cresemba (isavuconazole) in Canada.

* Julius Baer said it signed an agreement with Brazilian digital financial advisor Magnetis, in which it will acquire a minority stake over the next two years.

* Sulzer said it was acquiring technology firm GTC Technology US, LLC.


ALCON - Credit Suisse initiates coverage with “outperform” rating


* Swiss March retail sales data due at 0630 GMT

* Swiss manufacturing PMI due at 0730 GMT. Seen at 50.5 (Reporting by Zurich newsroom and Berlin Speed Desk)

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