Swiss stocks - Factors to watch on May 16
16/05/2022 05:50
ZURICH/BERLIN, May 16 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
CREDIT SUISSE CSGN.S
Credit Suisse Group said on Friday "nothing has changed"
since Chairman Axel Lehmann endorsed Chief Executive Officer
Thomas Gottstein last month, following a Bloomberg News report
that the bank was considering replacing him urn:newsml:reuters.com:*:nL3N2X53CS
Separately, Credit Suisse is nearing a settlement with the
West Virgina governor's mining group, the Financial Times
reported urn:newsml:reuters.com:*:nFWN2X529T
HOLCIM HOLN.S
India's Adani Group acquired a controlling stake in Holcim
AG's cement businesses in India in a $10.5 billion deal to
become the second-biggest cement producer in the country, Adani
Group said on Sunday urn:newsml:reuters.com:*:nL2N2X70DM
SULZER SUN.S
The engineering group has to temporarily suspend the
activities of its two legal entities in Poland due to sanctions
levied by the Polish government on minority shareholder Viktor
Vekselberg, the Russian businessman, it said SUN.S
SWISS NEUTRALITY
Switzerland's fabled neutral status is about to face its
biggest test in decades, with the defence ministry tilting
closer to Western military powers in response to Russia's
invasion of Ukraine. urn:newsml:reuters.com:*:nL5N2X35DC
TV STREAMING
Swiss voters on Sunday backed proposals to make global TV
streaming services such as Netflix Inc NFLX.O , Amazon AMZN.O
and Disney DIS.N invest some of their revenues generated in
Switzerland into domestic film-making. urn:newsml:reuters.com:*:nL2N2X707C
COMPANY STATEMENTS
* Trifork Holding AG TRIFOR.CO : upgrades outlook for 2022
financial results TRIFOR.CO
ANALYSTS' VIEWS
CREDIT SUISSE GROUP AG CSGN.S : CITIGROUP CUTS PRICE TARGET
TO CHF 8 FROM CHF 9.4
JULIUS BAER GRUPPE AG BAER.S : RBC RAISES TARGET PRICE TO
CHF 65 FROM CHF 60
FITCH RATING
Fitch Affirms Switzerland At 'AAA' urn:newsml:reuters.com:*:nFWN2X524D
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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