Swiss stocks - Factors to watch on December 1
01/12/2021 06:06
ZURICH/BERLIN, Dec 1 (Reuters) - The Swiss blue-chip SMI
.SSMI was seen opening 0.5% higher at 12,219 points on
Wednesday, according to premarket indications by bank Julius
Baer JBPRE01 .
Here are some of the main factors that may affect Swiss
stocks:
UBS UBSG.S
UBS has appointed Sarah Youngwood as Group Chief Financial
Officer, effective from May, following current CFO Kirt
Gardner's decision to step down from his role. urn:newsml:reuters.com:*:nL8N2SM0N0
COMPANY STATEMENTS
* Roche ROG.S completes purchase agreement with long-term
partner TIB Molbiol to expand PCR-test portfolio in the fight
against new infectious diseases ROG.S .
* Glarner Kantonalbank said GKLBN.S said some of its
lenders have converted loans of more than 40 mln Sfr Into 2 mln
registered shares GLKBN.S
CORONAVIRUS
Switzerland is considering tighter restrictions to contain
the rising number of new COVID-19 cases and the emergence of the
Omicron variant, the government said following an emergency
meeting on Tuesday. urn:newsml:reuters.com:*:nL8N2SL5O3
ANALYSTS' VIEWS
BYSTRONIC AG BYS.S : CREDIT SUISSE RAISES TARGET PRICE TO
CHF 1447 FROM CHF 1432
JULIUS BAER GRUPPE AG BAER.S : DEUTSCHE BANK RAISES TARGET
PRICE TO CHF 62 FROM CHF 61
UBS GROUP AG UBSG.S : DEUTSCHE BANK RAISES TARGET PRICE TO
CHF 20 FROM CHF 19
ECONOMY
Swiss November CPI due at 0730 GMT. Seen -0.1 m/m, +1.4 y/y.
Swiss November Manufacturing PMI due at 0830 GMT.
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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