Swiss stocks - Factors to watch on March 1
01/03/2024 05:32
ZURICH/BERLIN, March 1 (Reuters) - Here are some of the
main factors that may affect Swiss stocks on Friday:
UBS UBSG.S
Switzerland's competition commission favours a deeper
investigation into UBS' dominance of certain parts of the market
after it rescued Credit Suisse last year, a source with
knowledge of the matter said.
UBS shares wobbled on Thursday on the Reuters report over
competition investigation.
A global financial watchdog also said on Thursday that
Switzerland must strengthen its banking controls, highlighting
the risk a failure of UBS would pose to the country in the
starkest warning yet of the perils arising from its rescue of
Credit Suisse.
Separately, Bloomberg News reported that UBS agreed up to a
700 million euro loan for ION's equity in Prelios.
KUEHNE UND NAGEL INTERNATIONAL AG KNIN.S
Full year results due.
COMPANY STATEMENTS
*Kuehne Und Nagel KNIN.S said two new members,
Anne-Catherine Berner and Dominik De Daniel, will be proposed
for election to board of directors. KNIN.S
*Bucher Industries BUCN.S reported full-year net sales of
3.575 billion Swiss francs ($4.04 billion). BUCN.S
ECONOMY
Swiss January retail sales due at 0730 GMT
Swiss February manufacturing PMI due at 0830 GMT. Seen at
44.4.
($1 = 0.8845 Swiss francs)
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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