Swiss shares AFX at a glance outlook |
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Thu, 22 Feb 2007 09:18
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ZURICH (AFX) - Share prices are expected to open higher driven by gains in heavyweight Nestle after the Swiss food group's better-than-forecast full year results, traders said.In pre-bourse trading, the Swiss Market Index was 26.50 points higher at 9,233.60.Yesterday, the Swiss Market Index closed 108.26 points or 1.2 pct lower at 9,207.09, and the Swiss Performance Index was down 72.95 points at 7,317.24.FORTHCOMING EVENTSTODAY-noneTOMORROW-noneTODAY'S PRESS-noneCOMPANY NEWS-Nestle sees 5-6 pct organic sales growth in 2007, improved ebit margin-Nestle FY div 10.40 sfr vs 9.00 sfr-Nestle FY organic sales growth 6.2 pct, unchanged-Nestle FY sales 98.5 bln sfr vs 91.1 bln-Nestle FY net 9.2 bln sfr vs 8.1 bln-Axa FY underlying earnings up 20 pct; Winterthur synergies target raised 25 pct-Roche says Avastin combination treatment prolongs lung-cancer survival-Actelion FY net beats forecasts on healthy sales growthMACROECONOMIC NEWS-noneMARKET NEWS/SENTIMENT-Sharp gains in heavyweight Nestle at the opening are likely to compensate for the DJIA's weaker closeafx.zurich@afxnews.comat/rfwCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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