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$34.11 0.3  1.0%

Last Trade - 07/05/21

Sector
Industrials
Size
Large Cap
Market Cap £49.21bn
Enterprise Value £50.49bn
Revenue £19.19bn
Position in Universe 188th / 6858

Swiss stocks - Factors to watch on December 7

Mon 7th December, 2020 5:43am
ZURICH/BERLIN, Dec 7 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:

      
    PACIFIC TRADE DEAL
    The head of the Swiss State Secretariat for Economic Affairs
(Seco), Marie-Gabrielle Ineichen-Fleisch, told newspaper NZZ she
had told her staff to re-examine whether Switzerland should join
the Comprehensive and Progressive Agreement for Trans-Pacific
Partnership (CPTPP) as a third party.
    Seco examined that question once before and concluded that
Switzerland should not join the Pacific trade deal, she said.
Joining would enable Switzerland to update trade deals it
already has with some signatories, and it would be particularly
worthwhile if the United States joined, she added.
    
    CREDIT SUISSE  CSGN.S 
    The bank will take into account the coronavirus pandemic
when setting bonuses and the impact is likely to be negative,
Chairman Urs Rohner told Schweiz am Wochenende in an interview
published on Saturday.  urn:newsml:reuters.com:*:nL8N2IK53D
    
    UBS  UBSG.S 
    JPMorgan  JPM.N  has hired UBS banker Peihao Huang to become
the co-head of its equity capital markets (ECM) business in
Asia, not including Japan, according to two sources with direct
knowledge of the matter.
    Huang was UBS's head of Asia ECM but resigned from the Swiss
bank on Monday to join the U.S. firm, the people said.
 urn:newsml:reuters.com:*:nL1N2IN07A
    
    COMPANY STATEMENTS
    ABB  ABBN.S  - Chairman Peter Voser told the Aargauer
Zeitung the company did not want to keep businesses which have
high margins, but which did not fit with its strategy,
explaining why the company is looking to exit three of its
divisions.  ABBN.S 
    
    ANALYSTS' VIEWS
    DUFRY AG  DUFN.S : CREDIT SUISSE RAISES TARGET PRICE TO CHF
42 FROM CHF 35
    LANDIS+GYR GROUP AG  LANDI.S : JP MORGAN CUTS TO UNDERWEIGHT
FROM NEUTRAL; RAISES TARGET PRICE TO CHF 56 FROM CHF 50 

    
    ECONOMY
    Swiss November Forex Reserves due at around 0800 GMT.
    

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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