Swiss stocks - Factors to watch on Nov 7

PSP Swiss Property AG

07/11/2023 05:50

ZURICH/BERLIN, XXXX (Reuters) - Here are some of the
main factors that may affect Swiss stocks on Tuesday:

    UBS GROUP  UBSG.S  
    UBS Group on Tuesday reported a loss of $785 million
attributable to shareholders in the third quarter, higher than
the expected loss of $444 million forecast by analysts in a
company-provided poll.
    Group chairman Colm Kelleher said on Tuesday that movements
from certain regulators to talk about more scrutiny on capital
are "misguided". Kelleher, speaking at the Global Financial
Leaders Investment Summit hosted by the Hong Kong Monetary
Authority, said regulators should focus on other issues.
    
    PARTNERS GROUP  PGHN.S  
    Partners Groupis in talks to buy oil pipeline inspector
Rosen, Bloomberg reported on Monday.
    
    PHARMA
    A U.S. appeals court on Monday gave Viatris'  VTRS.O  Mylan
Pharmaceuticals another chance to prove that its proposed
generic of Johnson & Johnson  JNJ.N  unit Actelion's
cardiovascular drug Veletri would not violate J&J's patent
rights and should be allowed to go to market.
    J&J acquired Switzerland-based Actelion in 2017 for $30
billion.
      
    COMPANY STATEMENTS
    PSP SWISS PROPERTY AG  PSPN.S  posted a nine-month net
income of 155.3 million euros.

    ECONOMY
    October adjusted and unadjusted unemployment data due at
0545 GMT; adjusted seen at 2.1% according to Reuters poll 
    Swiss forex reserves data due at 0700 GMT
    

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