Swiss stocks - Factors to watch on December 2
02/12/2024 05:50
ZURICH/GDANSK, Dec 2 (Reuters) - Here are some of the
main factors that may affect Swiss stocks on Monday:
SWISS NATIONAL BANK
The current weakness in German industry is sapping demand in
Switzerland's manufacturing sector, Swiss National Bank Chairman
Martin Schlegel said on Saturday.
UBS GROUP AG UBSG.S
Capital requirements set for UBS under new banking
regulations should be "proportionate", as Switzerland attempts
to strike a balance between financial sector competitiveness and
protecting taxpayers, Finance Minister Karin Keller-Sutter said.
HOLCIM AG HOLN.S
Swiss cement maker Holcim will exit its Nigerian business
through the sale of its almost 84% stake in Lafarge Africa
WAPCO.LG to China's Huaxin Cement 600801.SS in a $1 billion
deal, it said on Sunday.
AVOLTA AG AVOL.S
Avolta says it has entered Saudi Arabian market.
ECONOMY
Swiss October retail sales y/y due at 0730 GMT.
Swiss November manufacturing PMI due at 0830 GMT. Seen at
49.4.
SNB sight deposit due at 0900 GMT.
(Reporting by Zurich newsroom and Gdansk newsroom)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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