Swiss shares – Elements to look at on Jan. 30

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Swiss stocks - Factors to watch on Jan. 30
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ZURICH/BERLIN, Jan 30 (Reuters) – The Swiss blue-chip SMI was seen opening 0.four p.c decrease at 8,903 factors on Wednesday, in accordance with premarket indications by financial institution Julius Baer.

Listed here are a few of the important elements which will have an effect on Swiss shares:

ROCHE, AC IMMUNE

Roche will halt two late-stage scientific trials of its crenezumab drug in early Alzheimer’s illness after an interim evaluation indicated it was unlikely to hit its main objective, the Swiss drugmaker stated. Roche was engaged on the product with AC Immune.

Roche indicated down 0.Eight p.c.

NOVARTIS

The drugmaker sees mid-single-digit gross sales development from its core companies in 2019 because it sheds its Alcon eyecare unit and a U.S. generics capsules enterprise to concentrate on newer high-tech medication. Fourth-quarter core working revenue rose to $3.39 billion, in comparison with the common $3.44 billion in a ballot of analysts by Reuters. Gross sales rose to $13.Three billion, matching the common forecast within the ballot.

Shares indicated down 1.1 p.c

LONZA GROUP

Lonza on Wednesday reported full-year outcomes and stated CEO Richard Ridinger would retire in March.

Shares indicated down 2.1 p.c

COMPANY STATEMENTS

* Bellevue Group AG: group with anticipated working revenue near CHF 20 mn – Veit de Maddalena proposed as new chairman; proposed dividend of CHF 0.85 per share plus a money distribution of CHF 0.25 per share from capital contribution reserves

* Emmi AG: elevated group gross sales by 2.8% to CHF 3,457.four million in 2018; confirms 2018 earnings forecast

* CEVA Logistics AG: renews partnership with Fincantieri in Italy

* Schaffner Holding AG stated CFO Kurt Ledermann had determined to depart the corporate.

* DKSH stated it had signed a distribution settlement with Australian way of life model Bellroy in Japan.

ECONOMY

Swiss KOF development indicator for January due at 0800 GMT. Seen at 97 factors, up 0.7 factors from December.

Swiss investor sentiment for January due at 0900 GMT. (Reporting by Zurich newsroom and Berlin Velocity Desk)



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