Swiss central bank interim chairman Thomas Jordan will tomorrow bid to prolong the success of his predecessor’s currency policy as the economy shows signs of regaining strength. Dufry earnings miss estimates, and Roche was asked to submit more information on its Illumina bid.
WHAT TO WATCH (ALL TIMES CET): -- ZEW Swiss investor confidence at 11am -- Dufry holds press conference at 3pm in Zurich
EARNINGS: -- Dufry reports net income of SF111.9m vs estimates of SF116.3m -- Cham Paper Group reports full-year loss of SF92.1m
EQUITY PREVIEW: -- Roche gets second FTC information request on Illumina deal -- Zurich Financial Services said its board of directors is proposing Josef Ackermann as chairman and Tom de Swaan as vice chairman at its March 29 annual general meeting -- BKW to file appeal over Muehleberg court decision -- Zurich Financial CEO Martin Senn told Finanz & Wirtschaft he’s confident about the company’s growth plans and that it will be able to pay an “attractive” dividend -- Kuehne & Nagel said it established an Eastern Europe hub in Vienna as part of a strategy to expand its European roadfreight network -- Alpiq said it issued a bond worth 275 million francs -- Peach Property will propose the re-election of Corinne Wohlfahrt to the board of directors at its general meeting on May 11, and said Christian Kuehni won’t stand for re-election -- Credit Suisse reached an accord with Fondazione Monte dei Paschi di Siena to restructure a loan that uses Banca Monte dei Paschi di Siena’s shares as collateral, two people familiar with the matter said -- Glencore’s potential $5.5 billion bid for Viterra may not have been timed right in light of the Glencore-Xstrata deal, the New York Times dealbook wrote -- Temenos cut to sell from hold at Berenberg -- Galenica raised to neutral from sell at UBS
Economy/Government/General: -- A bus carrying two Belgian school classes returning from a skiing holiday crashed in the Swiss canton of Valais after hitting a tunnel wall, killing at least 28 people, Swiss Television reported, citing police
MARKETS: -- The benchmark SMI rose 1.1% to 6,260.02 -- The SPI gained 1.1% to 5,739.87 -- The Stoxx Europe 600 Index climbed 1.8% to 269.56 -- The MSCI Asia-Pacific Index added 0.7% by 7:43am -- Euro-franc traded at 1.2086 at 7:38am