Swiss stocks - Factors to watch on August 29

Schaffner Holding AG

29/08/2022 05:49

ZURICH/BERLIN, Aug 29 (Reuters) - The Swiss blue-chip SMI
 .SSMI  was seen opening 0.8% lower at 10,854 points on Monday,
according to premarket indications from bank Julius Baer
 JBPRE01 . Here are some of the main factors that may affect
Swiss stocks :
    
    NOVARTIS  NOVN.S  
    The Swiss pharma group said its Scemblix was approved by the
European Commission for adult patients with chronic myeloid
leukemia (CML), offering a new treatment approach for patients
with intolerance to other therapies.  urn:newsml:reuters.com:*:nFWN303073
    
    SNB
    The Swiss National Bank (SNB) sees no need to adjust its
definition of price stability from its current target of "a rise
in consumer prices of less than 2% per year", Chairman Thomas
Jordan said in a speech he delivered in Jackson, Wyoming.
 urn:newsml:reuters.com:*:nL8N3023B0
    
    ENERGY
    A group of Swiss politicians has formed 'Stop Blackouts',
which will launch a petition seeking a revision to the country's
energy policy to guarantee adequate power supplies and keep
nuclear as part of the mix.  urn:newsml:reuters.com:*:nL8N30402W
    
    COMPANY STATEMENTS
    * Schaffner  SAHN.S  says Markus Heusser Proposed For
Election As Chairman Of The Board Of Directors  urn:newsml:reuters.com:*:nASM000OXK
    
    ANALYSTS' VIEWS
    ZURICH AIRPORT  FHZN.S  : HSBC RAISES TARGET PRICE TO CHF
190 FROM CHF 180
    BALOISE HOLDING AG  BALN.S : CREDIT SUISSE CUTS TARGET PRICE
TO CHF 155 FROM CHF 180
    ORIOR AG  ORON.S : CREDIT SUISSE CUTS TARGET PRICE TO CHF 84
FROM CHF 94
    
    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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