Swiss stocks - Factors to watch on December 7
07/12/2020 05:43
ZURICH/BERLIN, Dec 7 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
PACIFIC TRADE DEAL
The head of the Swiss State Secretariat for Economic Affairs
(Seco), Marie-Gabrielle Ineichen-Fleisch, told newspaper NZZ she
had told her staff to re-examine whether Switzerland should join
the Comprehensive and Progressive Agreement for Trans-Pacific
Partnership (CPTPP) as a third party.
Seco examined that question once before and concluded that
Switzerland should not join the Pacific trade deal, she said.
Joining would enable Switzerland to update trade deals it
already has with some signatories, and it would be particularly
worthwhile if the United States joined, she added.
CREDIT SUISSE CSGN.S
The bank will take into account the coronavirus pandemic
when setting bonuses and the impact is likely to be negative,
Chairman Urs Rohner told Schweiz am Wochenende in an interview
published on Saturday. urn:newsml:reuters.com:*:nL8N2IK53D
UBS UBSG.S
JPMorgan JPM.N has hired UBS banker Peihao Huang to become
the co-head of its equity capital markets (ECM) business in
Asia, not including Japan, according to two sources with direct
knowledge of the matter.
Huang was UBS's head of Asia ECM but resigned from the Swiss
bank on Monday to join the U.S. firm, the people said.
urn:newsml:reuters.com:*:nL1N2IN07A
COMPANY STATEMENTS
ABB ABBN.S - Chairman Peter Voser told the Aargauer
Zeitung the company did not want to keep businesses which have
high margins, but which did not fit with its strategy,
explaining why the company is looking to exit three of its
divisions. ABBN.S
ANALYSTS' VIEWS
DUFRY AG DUFN.S : CREDIT SUISSE RAISES TARGET PRICE TO CHF
42 FROM CHF 35
LANDIS+GYR GROUP AG LANDI.S : JP MORGAN CUTS TO UNDERWEIGHT
FROM NEUTRAL; RAISES TARGET PRICE TO CHF 56 FROM CHF 50
ECONOMY
Swiss November Forex Reserves due at around 0800 GMT.
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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