Swiss stocks - Factors to watch on March 22
22/03/2021 05:39
ZURICH/BERLIN, March 22 (Reuters) - The Swiss blue-chip SMI
.SSMI was seen opening 0.2% higher at 10,987 points on Monday,
according to premarket indications by bank Julius Baer
JBPRE01 .
Here are some of the main factors that may affect Swiss
stocks:
CREDIT SUISSE CSGN.S
Credit Suisse Chief Executive Thomas Gottstein told
Bloomberg Television he'd consider a spin-off of the bank's
asset management business. urn:newsml:reuters.com:*:nL4N2LJ0NZ
SNB
The Swiss National Bank increased its foreign currency
interventions to 110 billion Swiss francs ($118.27 billion)
during 2020, the central bank's annual report said on Monday, as
it battled renewed upward pressure on the safe-haven franc
during the COVID-19 pandemic. The SNB's spending on foreign
currencies increased from 13.2 billion francs in 2019 and was at
its highest level since 2012.
EFG INTERNATIONAL EFGN.S
The bank said it had appointed Harald Reczek as its new head
of investment solutions and a member of the Global Business
Committee, effective May 1. Sanjin Mohorovic was appointed as
new head of the Latin America region and member of the Global
Business Committee, effective July 1.
COMPANY STATEMENTS
* Roche Holding AG ROG.S : Phase III study shows Tecentriq
helped people with early lung cancer live longer without their
disease returning ROG.S
* Novartis AG NOVN.S : appoints Karen Hale as chief legal
officer NOVN.S
* Relief Therapeutics Holding SA RLFB.S : Relief and Acer
Therapeutics sign collaboration and license agreement for
worldwide development and commercialization of acer-001 for the
treatment of UCDS and MSUD; Relief to potentially pay Acer up to
$36 million and royalties in exchange for net profit share and
territory rights urn:newsml:reuters.com:*:nASN000Z5X
* HBM Healthcare Investments AG HBMN.S : IPOs of Instil Bio
and Connect Biopharma increase net asset value per HBM share by
CHF 4.55 (+1.5%) urn:newsml:reuters.com:*:nASN000Z5U
JULIUS BAER BAER.S
Annual report
ANNUAL GENERAL MEETINGS
SGS SGSN.S - 80.00 eur/shr dividend proposed
ANALYSTS' VIEWS
EX-DIVIDEND
BB BIOTECH BION.S - 3.60 CHF/shr dividend
ECONOMY
February M3 money supply data due around 0800 GMT
SNB sight deposits due at 0900 GMT
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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