Swiss stocks - Factors to watch on June 16

Leclanche SA

16/06/2021 05:59

ZURICH/BERLIN, June 16 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Wednesday:
    
    CREDIT SUISSE  CSGN.S 
    Swiss bank Credit Suisse has prepared its first insurance
claims on losses stemming from its $10 billion of funds tied to
collapsed finance group Greensill Capital, the Financial Times
reported on Wednesday.  urn:newsml:reuters.com:*:nFWN2NX18S

    COMPANY STATEMENTS
    * SGS  SGSN.S  said it had officially opened a food testing
laboratory in Papua New Guinea.  SGSN.S 
    * Molecular Partners  MOLN.S  said its initial public
offering of 3 million American Depositary Shares were priced at
$21.25 per share, raising gross proceeds of approximately $63.8
million.  MOLN.S 
    * Meyer Burger  MBTN.S  said it has secured 185 million
euros in debt financing to enable it to expand its cell and
module production capacity.  MBTN.S 
    * Leclanche  LECN.S  said it has introduced a new generation
of Lithium-Ion Battery modules for E-Transport vehicles and
vessels.  LECN.S 
    * WISeKey  WIHN.S  said it has developed functionality to
turn patents into non-fungible tokens which then becomes a unit
of data on the blockchain, allowing them to be commercialised
more easily.  WIHN.S  
    
    ANALYSTS' VIEWS
    CREDIT SUISSE GROUP AG  CSGN.S  : JP MORGAN RAISES TARGET
PRICE TO CHF 11.7 FROM CHF 11
    UBS GROUP AG  UBSG.S : JP MORGAN RAISES TARGET PRICE TO CHF
18 FROM CHF 17

    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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