November 7, 2018 / 5:55 AM / 9 months ago

Swiss stocks - Factors to watch on Nov. 7

ZURICH/BERLIN, Nov 7 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2 percent higher at 9,007 points, according to premarket indications from bank Julius Baer .

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


Swiss chocolate maker Barry Callebaut said on Wednesday it expected to keep growing sales volumes by 4-6 percent in the new fiscal year after strong growth and low cocoa bean prices boosted profits in the 12 months to Aug. 31.

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Swiss testing company SGS scaled back its profit targets for 2020, saying on Wednesday that a downturn in commodities markets would delay a hoped-for boost.

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Swiss Life reported on Wednesday that its fee income in the first nine months of 2018 rose 7 percent, putting the country’s biggest life insurer on track to meet or beat goals for the current year.

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* ams AG : announces partial buyback of USD convertible bonds, due 2022, and/or EUR convertible bonds, due 2025; market value of up to USD 100 million, equivalent to approx. EUR 88 million, from company funds, depending on market conditions

* Bobst Group said it was confirming its guidance for 2018. It also said Erik Bothorel will leave the group executive committee at the end of the year.

* Kuehne und Nagel International AG: Terex Corporation selects Kuehne + Nagel for digital supply chain management

* Banque Profil de Gestion SA: 9-month net result CHF -714,572 versus CHF 772,933 year ago

* Meyer Burger Technology: Company received first order for its new wafer inspection system.


* The Swiss National Bank’s ultra-loose monetary policy remains the right path to follow, SNB Vice Chairman Fritz Zurbruegg said in an interview with a Swiss newspaper, adding that SNB’s huge balance sheet would not impede further currency market interventions.

No economic data scheduled. ($1 = 1.0040 Swiss francs) (Reporting by Zurich newsroom and Berlin Speed Desk)

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