Swiss stocks - Factors to watch on November 4
04/11/2021 05:32
ZURICH/BERLIN, Nov 4 (Reuters) - The Swiss blue-chip SMI
.SSMI was seen opening 1.01% higher at 12,509 points on
Thursday, according to premarket indications from bank Julius
Baer JBPRE01 . Here are some of the main factors that may
affect Swiss stocks:
CREDIT SUISSE GROUP AG CSGN.S
Credit Suisse said it will create a single global wealth
management business and pare back its investment bank.
The Swiss bank also posted a 21% fall in third-quarter net
profit to 434 million Swiss francs ($476 million), hit by a
higher tax rate and a 214 million Swiss franc charge to settle
allegations of corruption surrounding loans to Mozambique it
helped arrange.
For more, click on urn:newsml:reuters.com:*:nFWN2RV0DE urn:newsml:reuters.com:*:nS8N2RI00Y
NOVARTIS NOVN.S , ROCHE ROG.S
Novartis AG, a shareholder in Roche for more than 20 years,
said the two Swiss drugmakers had agreed that Roche would buy
Novartis's nearly one-third voting stake in its cross-town
rival for $20.7 billion.
For more, click on urn:newsml:reuters.com:*:nASN001UDX
COMPANY STATEMENTS
* Meyer Burger MBTN.S said it was cooperating with GLS
Bank for sustainable photovoltaic package on commercial roofs.
MBTN.S
* ALSO Holding AG ALSN.S signed a purchase agreement with
Executive S.p.A., an Italian value added distributor with a
focus on retail ALSN.S
*Implenia IMPN.S issued a bond of 150 million Swiss
francs.
* Relief Therapeutics RLFB.S said it had filed a form f-6
registration statement by with U.S. SEC for creating an ADR
program there. RLFB.S
* New Value NEWN.S said its board of directors proposed
the creation of additional conditional capital of 17 million
Sfr. NEWN.S
ANALYSTS' VIEWS
NESTLE SA NESN.S : JEFFERIES RAISES TARGET PRICE TO CHF
118.50 FROM CHF 112
GEBERIT AG GEBN.S : BERENBERG CUTS TARGET PRICE TO CHF 703
FROM CHF 723
SWATCH GROUP AG UHR.S : CITIGROUP CUTS PRICE TARGET TO CHF
287 FROM CHF 343
VONTOBEL HOLDING AG VONN.S : CITIGROUP CUTS TO NEUTRAL FROM
BUY, CUTS TARGET PRICE TO CHF 88 FROM CHF 89
OC OERLIKON CORPORATION AG PFAEFFIKON OERL.S : RBC RAISES
TARGET PRICE TO CHF 10.75 FROM CHF 10
ECONOMY
Swiss Q4 consumer confidence due at 0800 GMT
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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