EQUITIES: *Credit Suisse Group hired Takehito Yamanaka, a former Goldman Sachs Group analyst, to cover financial firms in Japan *Implenia said it had a “demanding” first half of 2011 *Helvetia said it had a first-half profit of 170.4 million francs, up 8.7 percent from a year earlier *HBM BioVentures closed the sale of MTM Laboratories to Roche Holding AG, netting 42 million euros ($60.5 million) *Romande Energie Holding said it’s cutting the electricity bills of households and businesses an average of 4.5 percent as of Jan. 1 *Meyer Burger Technology said first-half net income rose to 76.6 million Swiss francs from 23.6 million francs a year earlier *Kaba Holding’s board of directors proposed Thomas Pleines as a new member *Inficon Holding said it closed its acquisition of Adixen Scandinavia from Pfeiffer Vacuum
WHAT TO WATCH: *Economy Minister Johann Schneider-Ammann speaks at 5:45 p.m. in Geneva
ECONOMY: *Switzerland second-quarter GDP rose 0.4 percent, in line with economists’ forecasts *Swiss government publishes July retail sales at 9:15 a.m. *Switzerland announces August manufacturing growth at 9:30 a.m.
MARKETS: *The SMI rose 1.5 percent to 5,528.52. *The SPI increased 1.6 percent to 5,049.37. *The Stoxx Europe 600 Index climbed 2.9 percent to 237.43. *The MSCI Asia-Pacific Index dropped 0.3 percent to 44.15 at 7:21 a.m. Zurich time *Euro-franc traded at 1.15491 at 7:21 a.m. Swiss time.
To contact the reporter on this story: Jennifer M. Freedman in Geneva at firstname.lastname@example.org
To contact the editor responsible for this story: James Hertling at email@example.com