Swiss stocks - Factors to watch on March 7
07/03/2022 05:54
ZURICH/BERLIN, March 7 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
UKRAINE CRISIS
President Vladimir Putin said on Saturday that Western
sanctions on Russia were akin to a declaration of war and warned
that any attempt to impose a no-fly zone in Ukraine would lead
to catastrophic consequences for the world. urn:newsml:reuters.com:*:nL1N2V806B
The Biden administration is weighing cutting U.S. imports of
Russian oil and ways to minimize the impact on global supplies
and consumers, the White House said on Friday, as lawmakers
fast-track a bill that would ban Russian energy imports
entirely. urn:newsml:reuters.com:*:nL2N2V72C7
More than 1.5 million refugees from Ukraine have crossed
into neighbouring countries in the space of 10 days, the fastest
growing refugee crisis in Europe since World War Two, UN High
Commissioner for Refugees Filippo Grandi said on Sunday.
urn:newsml:reuters.com:*:nL5N2V908F
UBS GROUP AG UBSG.S
UBS to publish annual report
CREDIT SUISSE CSGN.S
A Swiss member of parliament has filed a criminal complaint
against Credit Suisse, he told Reuters on Friday, asking the
country's attorney general to investigate potential sanctions
violations after the Financial Times this week reported the bank
had asked investors to destroy documents linked to loans to
Russian oligarchs. urn:newsml:reuters.com:*:nL5N2V75F7
JULIUS BAER BAER.S
Swiss wealth manager Julius Baer has halted any new business
with wealthy Russians, two sources familiar with the bank's
operations said, as European lenders try to limit their exposure
to Russia's elite amidst tightening sanctions. urn:newsml:reuters.com:*:nL5N2V74UD
RICHEMONT CFR.S , SWATCH UHR.S , BREITLING
The world's leading luxury brands said on Friday that they
planned to temporarily close stores and pause business
operations in Russia. urn:newsml:reuters.com:*:nL5N2V73O4
STADLER RAIL SRAIL.S
Stadler Rail has begun to transfer parts of its production
out of Belarus in response to Belarus' supporting role in
Russia's invasion of Ukraine, Chief Executive Peter Spuhler told
newspaper Schweiz am Wochenende. While the company wants to keep
its plant in Fanipol, Belarus, it has reduced the number of
employees to "below 1200" and expects to further scale back
employee numbers there, he said in the interview published on
Saturday, as the company moves parts of its production to Poland
and Switzerland.
"We continue to believe that the economic integration of
such states helps to advance the democratization process. We
have contributed to this with our investment," he said.
"Unfortunately, the red line was crossed with the manipulated
election in Belarus as well as the Russian invasion of Ukraine.
That's why Stadler is in favor of massive sanctions." SRAIL.S
COMPANY STATEMENTS
* Clariant CLN.S said it would suspend business with
Russia CLN.S
* Medartis MEDA.S reported FY EBITDA up at CHF 27.4 mln
MEDA.S
ANALYSTS' VIEWS
COLTENE HOLDING AG CLTN.S : CREDIT SUISSE CUTS TARGET PRICE
TO CHF 107 FROM CHF 115
EX-DIVIDEND
NOVARTIS NOVN.S - 3.10 CHF/shr dividend
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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