Swiss stocks - Factors to watch on November 3

Aluflexpack AG

03/11/2021 05:48

ZURICH/BERLIN, Nov 3 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Wednesday:
    
    CREDIT SUISSE  CSGN.S 
    Credit Suisse will unveil a new centralised structure on
Thursday in an attempt to bring its far-flung divisions to heel
and draw a line under a string of scandals that have cost the
Swiss bank billions of dollars, two sources said  CSGN.S 
    
    BANKS
    The head of the Swiss banking lobby expects his country to
strike a deal with Britain next year to open up the financial
sector to cross-border business, he told the NZZ newspaper in an
interview published on Wednesday  urn:newsml:reuters.com:*:nL8N2RU0UY
   
    GEBERIT AG  GEBN.S  
    Geberit reported higher sales during its third quarter, the
latest construction company to report an upsurge in activity,
although higher raw material costs were weighing on profit
 GEBN.S 
    
    COMPANY STATEMENT
    * Vontobel Holding AG  VONN.S : 9M growth in net new money
of 4.3 percent – within the target range  VONN.S 
    * Aluflexpack  AFPD.S  amended its guidance https://ir.aluflexpack.com/wp-content/uploads/2021/11/Aluflexpack-AG-remains-on-its-growth-path-in-Q3.pdf
 to see 2021 sales of 260-265 million euros (previous 260-270
million) and EBITDA before one-offs of 40-41.5 million (previous
40-43 million)  AFPD.S  
    * Oerlikon  OERL.S  said its third-quarter sales were up by
15.7%, at CHF 686 million, and confirmed its 2021 outlook.
 OERL.S 
    * Cassiopea SPA  SKIN.S : announces the U.S. launch of
Winlevi (clascoterone cream 1%)  SKIN.S 
    
    RESEARCH
    AMS AG  AMS.S : BARCLAYS CUTS TARGET PRICE TO CHF 14.5 FROM
CHF 15
    TEMENOS AG  TEMN.S : CITIGROUP RAISES PRICE TARGET TO CHF
140 FROM CHF 135
        
    ECONOMY
    No major Swiss economic data scheduled

    

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