Clariant AG (CLN) reported first-quarter net income of 105 million Swiss francs ($121 million), compared with analyst estimates of 102.5 million francs and 6 million francs a year earlier. The company commented today on its website.
EQUITIES: *UBS U.S. client sues Switzerland in European Court of Human Rights, Handelszeitung reports *Sonova increased revenue by 7.8 percent and net sales advanced 13.3 percent *Alpiq said first-quarter net income fell 34 percent to 116 million francs *Kuoni Reisen Holding said it completed the acquisition of Gullivers Travel Associates as planned
WHAT TO WATCH: *Helvetia Holding holds annual general meeting at 10 a.m. in St. Gallen *Metall Zug holds annual general meeting at 5 p.m. in Zug *Tamedia holds annual general meeting at 3 p.m. in Zurich *Swissquote holds annual general meeting at 10:30 a.m. in Zurich
ECONOMY/POLITICS: *The Swiss unemployment rate fell to 3.1 percent in April when adjusted for seasonal swings, from 3.3 percent in March, the lowest in more than two years *KOF holds news briefing at 10:30 a.m. in Zurich
MARKETS: *The SMI fell 0.3 percent to 6,450.03 *The SPI declined 0.3 percent to 5,947.07 *The Stoxx Europe 600 Index fell 0.3 percent to 277.79 *The MSCI Asia-Pacific Index declined 1.1 percent to 137.31 at 7:08 a.m. Zurich time *Euro-franc traded at 1.2651 at 7:09 a.m. Zurich time