Swiss stocks - Factors to watch on December 10
10/12/2020 06:18
ZURICH/BERLIN, Dec 10 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Thursday:
CREDIT SUISSE CSGN.S
The lender shuts its $2 billion insurance units after
withdrawals, Bloomberg reported. urn:newsml:reuters.com:*:nL4N2IQ0GB
LAFARGEHOLCIM LHN.S
India's antitrust body conducted raids at offices of
UltraTech Cement ULTC.NS and two subsidiaries of the world's
largest cement maker LafargeHolcim LHN.S , two sources close to
the matter told Reuters. urn:newsml:reuters.com:*:nL1N2IP23Z
LafargeHolcim in a statement to Reuters confirmed officials
visited the Mumbai offices of ACC ACC.NS and Ambuja Cements
ABUJ.NS and said the companies were fully cooperating with the
authorities, but could not comment further as the matter is
ongoing.
COMPANY STATEMENTS
* Meyer Burger MBTN.S said it agreed with photovoltaic
manufacturer Ecosolifer to draw a line under a project from
2015. urn:newsml:reuters.com:*:nASN000M86
* Sonova SOON.S said its U.S. subsidiary Advanced Bionics
LLC has received approval from the Food and Drug Administration
(FDA) for new sound processors. urn:newsml:reuters.com:*:nFWN2IQ05U
Aryzta ARYN.S said its Chief Executive Europe and member
of executive committee Gregory Sklikas will cease his role with
immediate effect. urn:newsml:reuters.com:*:nFWN2IP0X8
* Blackstone Resources's BLS.S solid-state battery project
received a grant from the Swiss Innovation Agency Innosuisse, it
said. Innosuisse would fund 50% of a 1.3 million Swiss francs
($1.5 million) project that aims to develop solid-state
electrolytes. urn:newsml:reuters.com:*:nBwc5HrCPa
* Zur Rose's ROSEG.S head of German business Olaf Heinrich
will leave the group, it said. His successor will be Walter
Hess, currently head of the Swiss unit.
ANALYSTS' VIEWS
NOVARTIS AG NOVN.S : JEFFERIES CUTS TARGET PRICE TO CHF 100
FROM CHF 105
ABB LTD ABBN.S : CITIGROUP RAISES PRICE TARGET TO CHF 33
FROM CHF 28
IDORSIA LTD IDIA.S : BAADER HELVEA STARTS WITH SELL RATING;
PRICE TARGET CHF 19
CRISPR THERAPEUTICS AG CRSP.O : PIPER SANDLER RAISES TARGET
PRICE TO $180 FROM $107
ECONOMY
Switzerland will likely meet the criteria for the country to
be identified as a currency manipulator by the United States in
an upcoming report from the U.S. Treasury, according to people
familiar with the matter. urn:newsml:reuters.com:*:nL1N2IP2TE
Massive interventions by the Swiss National Bank this year
to slow the appreciation of the Swiss franc will mean
Switzerland will now satisfy all three criteria to be called a
manipulator, the sources said.
Rail connections between Italy and Switzerland will no
longer be halted due to concerns about the spread of the new
coronavirus, the Italian transport ministry said. urn:newsml:reuters.com:*:nL1N2IP2GZ
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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