Swiss stocks - Factors to watch on Jan 12

Crealogix Holding AG

12/01/2016 05:57

ZURICH, Jan 12 (Reuters) - The following are some of the 
main factors expected to affect Swiss stocks on Tuesday. 
     
    UBS  UBSG.VX , CREDIT SUISSE  CSGN.VX  
    Moody's Investors Service said it upgraded by one notch the 
long-term ratings of UBS AG and affiliates, including the bank's 
long-term deposit rating to Aa3 from A1, its senior unsecured 
debt rating to A1 from A2, its standalone baseline credit 
assessment (BCA) to baa1 from baa2, its counterparty risk 
assessment of Aa3(cr) from A1(cr) and the rating on the senior 
unsecured debt of UBS Group Funding (Jersey) Limited guaranteed 
by the bank's parent holding company, UBS Group AG, to Baa2 from 
Baa3. The bank's short term ratings and counterparty risk 
assessment of Prime-1 and Prime-1(cr), respectively, were 
affirmed. The rating outlook is stable. 
    Moody's downgraded by one notch the long-term ratings of 
Credit Suisse AG and affiliates, including the bank's long-term 
deposit rating to A1 from Aa3, its senior unsecured debt rating 
to A2 from A1, its standalone baseline credit assessment (BCA) 
to baa2 from baa1, its counterparty risk assessment to A1(cr) 
from Aa3(cr) and the rating on the senior unsecured debt of 
Credit Suisse Group Funding (Guernsey) Limited guaranteed by the 
bank's parent holding company, Credit Suisse Group AG, to Baa3 
from Baa2. The bank's short term ratings and short term 
counterparty risk assessment of Prime-1 and Prime-1(cr), 
respectively, were affirmed. The rating outlook is stable.  
     
    NOVARTIS  NOVN.VX  
    The Swiss drugmaker has paused enrollment in a 
proof-of-concept study for a therapy aimed at treating hearing 
loss after a review of safety data. Novartis said in a statement 
late on Monday that it could not comment on the specific safety 
concerns. Shares in Novartis' partner, regenerative drug 
developer GenVec  GNVC.O , fell more than 50 percent. 
    For more click  NOVN.VX  
     
    JULIUS BAER  BAER.VX   
    The Swiss private bank has hired Yves Bonzon to lead its 
newly created investment management division.  urn:newsml:reuters.com:*:nFWN14V004 
    For more click  BAER.VX  
     
    NESTLE  NESN.VX  
    The biggest food company is investing in U.S.-based Seres 
Therapeutics for a third time in a year, this time injecting 
$120 million to develop and commercialise medicines aimed at 
restoring a healthy bacteriological balance in the human 
digestive system.  ID:nL8N14V3F1  
    For more click  NESN.VX  
     
    COMPANY STATEMENTS  CPR-CH  
     
    ** Sika  SIK.VX  raised its targets after reporting a 
fourth-quarter sales rise and forecasting an above-average rise 
in 2015 operating profit  
    ** Bossard Holding AG  BOS.S  said 2015 net sales rose 6.2 
percent to 656.3 million Swiss francs (+10.1 percent in local 
currency) http://bit.ly/1OYn5j1  
    ** Myriad Group Ltd  MYRN.S  said Versy, its platform for 
content discovery and conversation, had seen continued momentum 
in the last quarter. Since Q3 2015, Versy has experienced an 
increase in channel followers from 10.4 million to 13.9 million, 
equating to an increase of 34 percent. 
    ** Pax Anlage  PAXN.S  said CEO Stefan Kuhn was leaving the 
company for personal reasons 
    ** Crealogix Holding AG  CLXN.S  said on Monday it completed 
its acquisition of a stake in Elaxy, a Germany software maker 
for banks, financial professionals and insurers.  CLXN.S  
     
    ECONOMY  M-CH  
    Swiss National Bank  SNBN.S  President Thomas Jordan opposes 
the creation of a sovereign fund with a share of the 560 billion 
Swiss francs that the central bank has invested, according to an 
interview he gave to Swiss television station SRF.  urn:newsml:reuters.com:*:nL8N14V4IK 
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com)) 
  
((For Top News in a multimedia Web format on Eikon visit: 
https://emea1.views.cp.extranet.thomsonreuters.biz/Explorer/NEWSxTOPNEWS.aspx?group=SP_GROUP_001&page=SP_PAGE_001&pageName=FrontPage 
 FOR RELATED PRICES, NEWS AND OTHER TOPICS, DOUBLE-CLICK ON: 
     
 Daily Swiss stock market report in German................ .SDE  
 All SMI constituent stocks............................ 0#.SSMI   
 News on major Swiss stock price moves.................. CH-HOT  
 FTSE Eurotop 300 index................................  .FTEU3  
 DJ STOXX index........................................  .STOXX  
 Top 10 STOXX sectors.............................  .PGL.STOXXS   
 Top 10 EUROSTOXX sectors........................  .PGL.STOXXES  
 Top 10 Eurotop 300 sectors.......................  .PGL.FTEU3S  
 Top 25 European pct gainers...  .PG.PEUR , losers...  .PL.PEUR  
     
 Swiss mid-cap index      .SSMI   SMI futures            0#SMI:  
 Swiss all-share index    .SSHI   Market statistics   CH/STATS1  
 Swiss market digest      .AD.S   Sector overview    CH/SECTOR1  
 All Swiss news              CH   Swiss diary          CH/DIARY  
 Swiss research news     CH-RCH   Virt-x sectors     VX/SECTOR1  
 All equity news              E   Virt-x price index      .VMIP  
     
 INTERNET ADDRESSES:             Virt-x       www.virt-x.com  
  
Swiss Exchange  www.swx.ch/      
Eurex   www.eurexchange.com 
STOXX Ltd         www.stoxx.com  
  
 SPEED GUIDES:  VX/EQUITY   EQUITY   EQUITY/NEWS1   EUR/EQUITY   
  SWITZERLAND   REUTERS  )) 
 
Keywords: MARKETS SWISS STOCKS/