Swiss shares TFN at a glance outlook |
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Fri, 22 Jun 2007 07:49
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ZURICH (Thomson Financial) - Share prices are expected to open higher, rebounding from yesterday's losses on the back of yesterday's higher Wall Street close.In pre-bourse trading, the Swiss Market Index was 40.02 points higher at 9,270.30.Yesterday, the Swiss Market Index closed 117.01 points or 1.3 pct lower at 9,230.27 and the Swiss Performance Index closed 91.99 points or 1.20 pct lower at 7,533.58.FORTHCOMING EVENTSTODAY-Swiss National Bank 100-year anniversary celebrationsMONDAY-noneCOMPANY NEWS-UBS sells 15.23 pct of Julius Baer share package via bookbuilding, remaining 5.47 pct to Julius Baer at 90 sfr/share-Roche Viracept licence suspended by EMEA-Nestle Waters CEO Donati to stand down Dec 1, replaced by Purina's Harris-Kuoni Travel buys UK specialty travel firm CV Travel for undisclosed sum-Newave IPO price range 35-43 sfr per share, to list July 6MACROECONOMIC NEWS-Swiss FY GDP forecast raised to 2.3 pct from 2.0; 2008 GDP at 1.9 pct vs 1.7MARKET NEWS/SENTIMENT-Credit Suisse initiates Givaudan with 'neutral' rating with a target price of 1,190 sfr-UBS raises Temenos target price to 36 sfr from 30, reiterates its 'buy 2' ratingtfn.zurich@thomson.comsf/jmsCOPYRIGHTCopyright AFX News Limited 2007. 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.
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TFN NEWS BRIEFING: TMT highlights to 09:10 BST 