Swiss stocks - Factors to watch on September 2

Sulzer

02/09/2022 05:48

ZURICH/BERLIN, Sept 2 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Friday:
        
    CREDIT SUISSE  CSGN.S 
    Credit Suisse, which has been buffeted by a string of
scandals, management changes and global strategy rejigs, is
still betting big on China and plans to launch a wealth business
there next year, a senior Asia executive told Reuters
 urn:newsml:reuters.com:*:nL4N308458    
    
    Credit Suisse is considering cutting around 5,000 jobs,
about one position in 10, as part of a cost reduction drive at
Switzerland's second-biggest bank, a source with direct
knowledge of the matter told Reuters on Thursday  urn:newsml:reuters.com:*:nL8N3084J8
    
    SGS  SGSN.S 
    The testing and inspection company said it was acquiring
Penumbra Security, Inc., in the United States, a provider of 
information security conformance testing  urn:newsml:reuters.com:*:nL8N3090G3
    
    IGEA PHARMA  3B5G.F 
    SIX Exchange Regulation said it opened an investigation
against IGEA Pharma N.V. over the failure to publish the annual
report 2021 within the regulatory and repeatedly extended
deadline
    
    COMPANY STATEMENTS
    * Sulzer AG  SUN.S : acquires stake in Cellicon to scale up
technology for renewable biopolymer  SUN.S 
    * Novartis AG  NOVN.S : pivotal results for efficacy and
safety of Cosentyx (secukinumab) in hidradenitis suppurativa
from phase III trials to debut at European Academy of
Dermatology And Venereology congress  NOVN.S 
    * Cicor Technologies Ltd  CICN.S : Marco Kechele appointed
to group management team as executive vice president operations
 CICN.S 
    
    RESEARCH
    BALOISE HOLDING AG  BALN.S : BERENBERG CUTS TARGET PRICE TO
CHF 158.2 FROM CHF 170.8
    
    ECONOMY
    Q2 non-farm payrolls due at 0630 GMT

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