Zurich Market Talk - 22-12-2011
22.12.11 07:32


Cicor
(SIX: CICN), a leading high-technology industrial group internationally active in the printed circuit boards, microelectronics and electronic solutions, has secured a number of orders in the field of 3D-MID technology. Link: Click Here

The Forbo Group – a leading manufacturer of floor coverings, adhesives, as well as power transmission and conveyor belt solutions – is selling its industrial adhesives activities, including synthetic polymers, to H.B. Fuller. The implementation of the transaction is subject to certain conditions and is expected to take place as soon as March 2012. Link: Click Here


Kuoni
acquires destination specialist in Namibia. Kuoni is expanding its presence in Namibia with the purchase of Royal Tours. The acquisition is scheduled for completion at the beginning of 2012 pending approval from the competition authorities. A purchase agreement has been signed. Link: Click Here



Economy
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Euro area consumer confidence continues to drop - bodes ill for private consumption prospects.
Euro area December "flash" consumer confidence dropped to -21.2 from -20.4 ( Barclays Capital forecast: -22.0). As far as Q4 is concerned, the consumer confidence index is thus suggesting weaker momentum than the zero annual growth for private consumption pencilled in our forecast (also consistent with a flat print on a quarterly basis). Link: Click Her e

 
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