Swiss stocks - Factors to watch on November 16
16/11/2022 05:40
ZURICH/BERLIN, Nov 16 (Reuters) - Here are some of the
main factors that may affect Swiss stocks on Wednesday:
SWISS NATIONAL BANK
The Swiss National Bank gave another strong hint that it
will raise interest rates again when Chairman Thomas Jordan said
on Tuesday that current monetary policy was too loose to tackle
inflation in Switzerland urn:newsml:reuters.com:*:nL1N32B1U8
ZURICH INSURANCE ZURN.S
The insurer aims to boost its business operating profit
after tax return on equity (BOPAT ROE) to above 20% by 2025 and
generate compound organic growth in earnings per share of 8% per
year in new 2023-2025 targets it unveiled on Wednesday ZURN.S
ROCHE ROG.S
The U.S. Food and Drug Administration on Tuesday issued an
emergency use authorization to Roche's monkeypox test
urn:newsml:reuters.com:*:nL4N32B499
ALCON ALCC.S
The eye-care group reported third-quarter sales of $2.1
billion, up 2% ALCC.S
DEFENCE
The U.S. State Department has approved the potential sale of
Patriot missiles and related equipment to Switzerland for an
estimated cost of $700 million, the Pentagon said on Tuesday.
urn:newsml:reuters.com:*:nL1N32B26C
COMPANY STATEMENTS
* Comet Holding COTNE.S said it was adjusting expectations
for FY 2022 results to lower end of the guided ranges of 580-610
million Swiss francs in net sales COTNE.S
* Highlight Event and Entertainment AG HLEE.S said
Alexander Studhalter decided to resign from board after U.S.
sanctions HLEE.S
* Idorsia IDIA.S and Simcere enter into a licensing
agreement for daridorexant in China IDIA.S
* Orascom Development Holding AG ODHN.S : nine-month net
profit 33.6 mln CHF ODHN.S
* Relief Therapeutics RLFB.S : files amendment to
registration statement with the U.S. SEC RLFB.S
ANALYSTS' VIEWS
KOMAX HOLDING AG KOMN.S : CREDIT SUISSE CUTS TARGET PRICE
TO CHF 300 FROM CHF 302
COLTENE HOLDING AG CLTN.S : CREDIT SUISSE CUTS TARGET PRICE
TO CHF 96 FROM CHF 105
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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