Swiss stocks - Factors to watch on June 13

Credit Suisse AG

13/06/2023 05:43

ZURICH/BERLIN, June 13 (Reuters) - Here are some of the
main factors that may affect Swiss stocks on Tuesday:
    
    UBS  UBSG.S 
    UBS Asia Pacific co-head of wealth management, Amy Lo, has
expanded her role to spend more time on key clients after the
Swiss bank completed its takeover of Credit Suisse on Monday,
according to an internal memo seen by Reuters.
    Separately, Bloomberg News reported UBS is planning a Hong
Kong investor event to carry on the Credit Suisse legacy.
    
    CREDIT SUISSE  CSGN.S 
    Credit Suisse shares closed 1% higher at 0.81 Swiss francs
($0.89) on Monday, their last trading day after the stricken
bank's takeover by Swiss rival UBS.
    Separately, Credit Suisse's former Australian co-head of
investment banking and capital markets, Angelo Scasserra, has
joined rival Barrenjoey Capital, according to his LinkedIn
profile.
    
    
    COMPANY STATEMENTS
    *Moody's affirmed UBS Group AG's  UBSG.S  senior unsecured
debt ratings at A3 and changed its outlook to positive from
negative.  UBSG.S 
    *One Swiss Bank  ONE.S  said it expects a significant
increase in profit for the first half of 2023.  ONE.S 
    *Six Group said it has fined Relief Therapeutics  RLFB.S 
over ad-hoc publicity violation.  RLFB.S 
    
    
    ANALYSTS' VIEWS
    VETROPACK HOLDING SA  VETN.S : BERENBERG RAISES TARGET PRICE
TO CHF 57 FROM CHF 56
    
    
    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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