ZURICH, March 19 (Reuters) - Swiss shares are set to rise on
Wednesday, in line with other bourses, after the Federal Reserve
cut interest rates and two major investment banks beat
expectations with their results.
The Swiss blue-chip index SMI.SSMI was indicated to open
126 points higher at 7,140 points, data provided by bank
Clariden Leu showed.CLPRE
The following are some of the main factors expected to
affect Swiss stocks on Wednesday:
JULIUS BAER (BAER.VX: Quote, Profile, Research)
Intesa Sanpaolo (ISP.MI: Quote, Profile, Research) is offering about $5.5 billion to
take over Julius Baer’s hedge fund unit GAM and the deal could
go through soon, a Swiss newspaper reported, citing Baer
insiders.
For related news, click on [BAER.VX-RTRS-LEN]
ROCHE (ROG.VX: Quote, Profile, Research) Continued…
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