Swiss stocks - Factors to watch on July 4
04/07/2022 05:43
ZURICH/BERLIN, July 4(Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
UKRAINE RECOVERY CONFERENCE
The European Investment Bank, the lending arm of the
European Union, is proposing a funding structure previously used
during the COVID-19 pandemic to help rebuild Ukraine with up to
100 billion euros ($104.3 billion) of investment, according to a
document seen by Reuters.
The EIB's proposal is set to be unveiled on Monday, the
first day of the international Ukraine Recovery Conference in
Switzerland that aims to provide resources to Ukraine and aid a
post-war recovery. urn:newsml:reuters.com:*:nL8N2YK08M
Britain will host the conference next year, the foreign
office said. urn:newsml:reuters.com:*:nL8N2YK0CI
SIX TURNOVER
Trading turnover on SIX Swiss Exchange reached 97.8 billion
Swiss francs ($101.93 billion) in June, 10.7% less than in the
previous month, while the number of transactions fell 10.6% to
4.9 million.
During the first half, trading turnover reached 705.6
billion francs, up 1.6% year on year.
CREDIT SUISSE CSGN.S
Credit Suisse is struggling with a backlog of new wealthy
client accounts in Asia, reports the Financial Times.
urn:newsml:reuters.com:*:nL4N2YL0KU
GAS SUPPLY
Swiss businesses would be first to have energy rationed in
the event of supply shortages, Energy Minister Simonetta
Sommaruga told the SonntagsZeitung, warning that the government
cannot guarantee there will always be enough gas to go around.
urn:newsml:reuters.com:*:nL8N2YK06O
ARYZTA ARYN.S
Ukrainian wheat is finding its way onto world markets
despite the Russian invasion, the head of Swiss baked goods
group Aryzta said in a newspaper interview. urn:newsml:reuters.com:*:nL8N2YI484
COMPANY STATEMENTS
DKSH Business Unit Performance Materials has signed an
agreement to acquire Georg Breuer GmbH (GBFI), a German
distributor of plant-based ingredients for the food industry.
* Phoenix Mecano PM.S said it opened an internal
investigation into potential irregularities at a U.S. subsidiary
involving certain customer orders, external sales and trade
receivables. According to preliminary estimates, the group
anticipates a one-off, non-recurring impact on earnings in the
upper single-digit millions of euros. PM.S
* Relief Therapeutics RLFB.S said the FDA declined
Emergency Use Authorization for Aviptadil for a subgroup of
patients with critical covid-19 at immediate risk of death from
respiratory failure. RLFB.S
* SKAN Group AG SKAN.S said it closed the announced
increase of its stake in Aseptic Technologies. SKAN.S
* Valora Holding AG VALN.S finalises acquisition of
Germany-based Frittenwerk, entering fast-casual market. VALN.S
* Xlife Sciences XLS.S said its project company FUSE-AI
was appointed as strategic partner in the field of digitization
by the pharmacy associations and federations of all 16 German
federal states. XLS.S
ANALYSTS' VIEWS
AMS OSRAM AG AMS.S : JP MORGAN CUTS TO NEUTRAL FROM
OVERWEIGHT; CUTS TARGET PRICE TO CHF 10.33 FROM CHF 22.5
KARDEX HOLDING AG KARN.S : JEFFERIES CUTS TARGET PRICE TO
CHF 220 FROM CHF 290
ECONOMY
Swiss June CPI MM due at 0630 GMT. Seen at 0.3%.
Swiss June CPI YY due at 0630 GMT. Seen at 3.2%
Swiss June CPI NSA due at 0630 GMT
($1 = 0.9595 Swiss francs)
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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