Swiss stocks - Factors to watch on April 10

St Galler Kantonalbank AG

10/04/2024 05:45

ZURICH/BERLIN, April 10 (Reuters) - Here are some of the
main factors that may affect Swiss stocks on Wednesday:
    
    SWISS NATIONAL BANK  SNBN.S 
    The Swiss National Bank's foreign exchange interventions are
a vital tool in the central bank's campaign against both
inflationary and deflationary pressures, Vice Chairman Martin
Schlegel said on Tuesday.
    
    BALOISE  BALN.S 
    A shareholder push to change the statutes of Swiss insurer
Baloise has gathered more support as proxy adviser Institutional
Shareholder Services (ISS) threw its weight behind the plan
after its peer Glass Lewis also backed the initiative.
    
    GIVAUDAN  GIVN.S 
    Four European and American fragrance makers have asked a
U.S. judge to dismiss lawsuits accusing them of conspiring to
artificially inflate prices of ingredients that are used to make
cosmetics, cleaners and other household products.
    The companies — Switzerland-based Givaudan and Firmenich,
which is merging with Dutch chemicals group DSM; U.S.-based
International Flavors & Fragrances and Germany's Symrise — in a
filing said the lawsuits filed last year in New Jersey failed to
show they agreed to fix prices.
    
    GALENICA AG  GALE.S  
    Annual Shareholders Meeting
    
    BARRY CALLEBAUT AG  BARN.S 
    H1 Results
    
    ZURICH INSURANCE GROUP AG  ZURN.S 
    Annual Shareholders Meeting
    
    COMPANY STATEMENTS
    *Novartis  NOVN.S  said it is implementing manufacturing
adjustments for ribociclib to ensure alignment with the latest
regulatory standards in early breast cancer (eBC) by the end of
the second quarter.  NOVN.S 
    *St Galler Kantonalbank AG  SGKN.S  said it has called an
additional Tier 1 bond.  SGKN.S 
    *Avolta  AVOL.S  said it has priced 500 million euros
($542.60 million) of senior notes.  AVOL.S 
    
    ANALYSTS' VIEWS
    ROCHE HOLDING AG  ROG.S : JEFFERIES CUTS TARGET PRICE TO CHF
240 FROM CHF 250
    
    ECONOMY
    SNB US dollar auction due at 1000 GMT.
    


($1 = 0.9215 euros)

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