Swiss stocks - Factors to watch on October 29
29/10/2021 07:10
ZURICH/BERLIN, Oct 29 (Reuters) - The Swiss blue-chip SMI
.SSMI was seen opening 0.2% lower at 12,127 points on Friday,
according to premarket indications by bank Julius Baer
JBPRE01 .
Here are some of the main factors that may affect Swiss
stocks on Friday:
HOLCIM AG HOLN.S
Holcim gave an upbeat assessment of the global construction
market on Friday as the world's largest cement maker beat sales
and earnings forecasts during the third quarter and raised its
profit outlook. urn:newsml:reuters.com:*:nL8N2RP0O5
SWISS RE AG SRENH.S
Reinsurance company Swiss Re said on Friday it swung to a
better-than-expected net profit in the first nine months as it
recovers from the impact of the coronavirus pandemic despite big
claims from major storms on both sides of the Atlantic.
urn:newsml:reuters.com:*:nL8N2RP0XM
SWISS NATIONAL BANK
The Swiss National Bank SNBN.S posted a loss of 2.075
billion francs during its third quarter, the central bank
reported on Friday, as profits from its bond holdings and
negative interest rates failed to cover losses from weaker
equity markets and the stronger Swiss franc. urn:newsml:reuters.com:*:nL8N2RP1GD
COMPANY STATEMENTS
* Luzerner Kantonalbank LUKN.S reported a 9-month
consolidated net profit of CHF 167.6 million, an increase of CHF
9 million a year ago. LUKN.S
* Compagnie Financiere Tradition CFT.S reported a rise in
Q3 CONSOLIDATED REVENUE to 202.6 million francs, up from 185.7
million francs in the prior-year period. CFT.S
* Also Holding ALSN.S said it was now offering products in
3D printing workflow on the European market. ALSN.S
* Roche ROG.S said trial data showed benefits in using
Cintec plus a cytology test for women who are at higher risk of
developing cervical cancer. ROG.S
* Polyphor POLN.S said shareholders approved all
resolutions for its planned merger with Enbiotix at an
extraordinary general meeting. POLN.S
ANALYST VIEWS
OC OERLIKON CORPORATION AG PFAEFFIKON OERL.S : CREDIT
SUISSE CUTS TARGET PRICE TO CHF 11 FROM CHF 11.3
INFICON HOLDING AG IFCN.S : CREDIT SUISSE RAISES TARGET
PRICE TO CHF 865 FROM CHF 837
BUCHER INDUSTRIES AG BUCN.S : RBC CUTS TARGET PRICE TO CHF
510 FROMM CHF 520
STRAUMANN HOLDING AG STMN.S : CREDIT SUISSE RAISES TARGET
PRICE TO CHF 2235 FROM CHF 1985
LANDIS+GYR GROUP AG LANDI.S : MORGAN STANLEY CUTS TARGET
PRICE TO CHF 59 FROM CHF 60
ECONOMY
Swiss September official reserves assets due at 0700 GMT.
Swiss October KOF Indicator due at 0700 GMT. Seen +108.2.
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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