Swiss stocks - Factors to watch on January 6

Basler Kantonalbank

06/01/2020 05:28

BERLIN/ZURICH, Jan 6 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
    
    SWISS-EU RELATIONS
    Most Swiss oppose a referendum campaign launched by the far
right to end the free movement of citizens from the European
Union, a poll found. The referendum drive reflects unease with
the influx of foreigners, who now account for a quarter of the
Swiss population. But imposing limits on EU citizens would
violate bilateral accords that enhance Swiss access to the EU
single market, the lifeblood of the export-led Swiss economy.
 urn:newsml:reuters.com:*:nL8N29A07M
    
    SIX SWISS EXCHANGE
    Trading turnover on the Swiss Stock Exchange increased by
8.5% in 2019 to 1,477.1 billion Swiss francs. The number of
trades rose 6.1% to 64 million transactions https://www.six-group.com/en/newsroom/media-releases/2020/20200103-keyfigures-2019.html.
    
    BASLER KANTONALBANK  BSKP.S 
    SonntagsZeitung paper reported the bank faces a
money-laundering investigation after the Swiss Federal Court
told prosecutors in Aargau canton not to drop the case as they
had planned. It cites a bank spokesman as saying the accusation
related to accounts it held for a company involved in fraud is
unfounded.
    
    NOVARTIS  NOVN.S 
    The company has raised U.S. prices on nearly 30 drugs
including psoriasis treatment Cosentyx and multiple sclerosis
medicine Gilenya, a research firm said. Most of those increases
were in the range of 5.5% to 7%.  urn:newsml:reuters.com:*:nL1N2980LJ
          
    
    COMPANY STATEMENTS
    * Schmolz + Bickenbach  STLN.S : Major shareholder Liwet
Holding has withdrawn a request to convene an extraordinary
general meeting to replace the board of directors.  urn:newsml:reuters.com:*:nFWN298040
    
    
    ANALYSTS' VIEWS
    MOLECULAR PARTNERS  MOLN.S  - JP Morgan raises to
"overweight" from "neutral"
    SONOVA HOLDING  SOON.S  - JP Morgan raises to "overweight"
from "neutral"
    
    
    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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