Swiss stocks - Factors to watch on June 29

Leonteq AG

29/06/2022 05:47

ZURICH/BERLIN, June 29 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Wednesday:
        
    NOVARTIS  NOVN.S 
    Novartis said on Tuesday a previously announced
restructuring programme could lead to 8,000 jobs being cut, or
about 7.4% of its global workforce, including up to 1,400 in
Switzerland.  urn:newsml:reuters.com:*:nL8N2YF4VJ
     
    NESTLE  NESN.S 
    A federal judge in Washington, D.C. on Tuesday dismissed a
lawsuit by eight citizens of Mali who sought to hold Hershey Co
 HSY.N , Nestle SA  NESN.S >, Cargill Inc and others liable for
child slavery on Ivory Coast cocoa farms.  urn:newsml:reuters.com:*:nL1N2YF1TQ
     
    COMPANY STATEMENTS
    * Obseva  OBSN.S  Announces UK MHRA Marketing Authorization
For Yselty® (Linzagolix)
    * Galenica  GALE.S : Verfora To Take Over Distribution Of
Boiron Products  urn:newsml:reuters.com:*:nFWN2YG004
    
    RESEARCH
    SWISSCOM AG  SCMN.S : JP MORGAN CUTS TO NEUTRAL FROM
OVERWEIGHT
    SWISSCOM AG  SCMN.S : JP MORGAN RAISES TARGET PRICE TO CHF
676 FROM CHF 608
    GIVAUDAN SA  GIVN.S : JEFFERIES CUTS TARGET PRICE TO CHF
3000 FROM CHF 3300
    
    ECONOMY
    Swiss investor sentiment indicator due at 0800 GMT
    

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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