Swiss stocks - Factors to watch on February 3
03/02/2020 05:27
ZURICH/BERLIN, Feb 3 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
JULIUS BAER BAER.S
Swiss private bank Julius Baer publishes its 2019 results.
Switzerland's third-largest listed lender is expected to outline
new growth plans under new Chief Executive Philipp Rickenbacher
after warning in November on its net new money goals.
CREDIT SUISSE CSGN.S
The bank at the centre of a scandal related to spying on
senior executives also conducted espionage operations against
Greenpeace, SonntagsZeitung reported. urn:newsml:reuters.com:*:nL8N2A209W
Credit Suisse has frozen its investment bank bonus pool for
the second year running after a surge in trading revenue in 2019
was offset by big declines in its advisory and capital markets
business, the Financial Times reported. urn:newsml:reuters.com:*:nFWN2A01CX
SWATCH UHR.S
Chief Executive Nick Hayek remains optimistic about the
watchmaker's prospects this year despite the coronavirus effect
on the company's key Chinese market, he told Swiss newspaper
Finanz und Wirtschaft. "In constant currencies we anticipate a
growth of 5% to 7%," he said in an interview. L8N2A1096
COMPANY STATEMENTS
* Gurit Holding GUR.S issued provisional results for 2019,
saying that sales rose nearly 36%. GUR.S
* LEM Holding LEHN.S : The Swiss Takeover Board reconfirmed
the validity of the "opting out" clause in LEM's articles of
association. The company also announced a 33.5% increase in its
nine-month net profit. LEHN.S
ANALYSTS' VIEWS
BERNER KANTONALBANK BEKN.S - Credit Suisse raises price
target to 235 Sfr from 225 Sfr
ECONOMY
Swiss January manufacturing PMI due at 0830 GMT, seen at
50.3
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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