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Swiss Stocks Are Little Changed as Actelion Advances

Swiss stocks were little changed before reports on German investor confidence and euro-area industrial production.

Actelion Ltd. (ATLN) and Transocean Ltd. (RIG) posted the biggest gains on the Swiss Market Index. ABB Ltd. (ABBN) led falling stocks.

The benchmark SMI (SMI) dropped 0.1 percent to 8,135.89 at 9:38 a.m. in Zurich, erasing an advance of as much as 0.5 percent. The broader Swiss Performance Index also lost 0.1 percent.

A measure of German investor confidence probably rose in May, a report at 11 a.m. in Mannheim will show. The ZEW Center for European Economic Research’s index of investor and analyst expectations climbed to 40 from 36.3 in April, economists forecast in a Bloomberg survey. The measure aims to predict economic developments six months in advance.

A separate report at the same time will probably show that euro-area industrial production rose 0.5 percent in March, according to the median estimate of economists in a Bloomberg survey. The measure gained 0.4 percent in February.

Finance chiefs from the 27 members of the European Union meet for a second day in Brussels to discuss plans to create a banking union for the region.

To contact the reporter on this story: Adria Cimino in Paris at acimino1@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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