Swiss stocks - Factors to watch on February 1
01/02/2024 05:16
ZURICH/BERLIN, Feb 1(Reuters) - Here are some of the
main factors that may affect Swiss stocks on Thursday:
JULIUS BAER BAER.S
Julius Baer CEO Philipp Rickenbacher is set to leave, a
source with knowledge of the matter said, as the Swiss bank
deals with the fallout from its exposure to collapsed property
group Signa. Rickenbacher will be replaced by his deputy, Nic
Dreckmann, the Financial Times and Bloomberg reported.
Full year results due.
ABB ABBN.S
ABB's Vice-Chairman Jacob Wallenberg and director Gunnar
Brock are to stand down from the company's board, the Swiss
engineering group said on Wednesday.
The Zurich company has proposed Johan Forssell and Mats
Rahmstrom as new members for election at the company's annual
general meeting on March 21. Neither will stand for the post of
vice-chairman.
RUSSIA
Switzerland will ban the import of Russian diamonds in line
with the latest round of European Union sanctions designed to
punish Moscow for its invasion of Ukraine, the government said
on Wednesday.
COMPANY STATEMENTS
Gurit GURN.S reported 2023 net sales growth of 2.7% and
said it expects an adjusted operating profit margin between 4.0%
and 5.0% for 2023.
ROCHE HOLDING AG ROG.S
Full year results due.
ABB LTD ABBN.S
Fourth quarter and full year results due.
LUZERNER KANTONALBANK AG LUKN.S
Full year results due.
ECONOMY
Swiss January Manufacturing PMI due at 0830 GMT. Seen at
44,5.
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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