Swiss stocks - Factors to watch on November 3
03/11/2020 05:53
ZURICH/BERLIN, Nov 3(Reuters) - The Swiss blue-chip SMI
.SSMI was seen opening 0.6% higher at 9,845 points on Tuesday,
according to premarket indications by bank Julius Baer
JBPRE01 .
Here are some of the main factors that may affect Swiss
stocks:
ADECCO ADEN.S
Adecco is seeing a gradual improvement in hiring trends
during the start of its fourth quarter, the company said on
Tuesday, adding the latest round of COVID-19 restrictions had
not affected demand so far. urn:newsml:reuters.com:*:nL8N2HP0XM
JULIUS BAER BAER.S
Julius Baer CEO Phillipp Rickenbacher expects restrictions
imposed by Switzerland's financial watchdog FINMA to be lifted
next year, he told Swiss financial publication themarket.ch,
adding Baer is open to big acquisitions. urn:newsml:reuters.com:*:nL8N2HP12A
COMPANY STATEMENTS
* Swiss airport retailer Dufry DUFN.S reported on Tuesday
a third-quarter turnover of 487.0 million Swiss francs ($530.50
million), a drop of 79.7% from a year earlier at constant
exchange rates, citing reduced passenger traffic across most
airports worldwide. urn:newsml:reuters.com:*:nL8N2HP0JH
* Novartis's Sandoz said it has shipped pantoprazole sodium
for injection to Civica Rx to supply its U.S. hospitals as part
of a five-year agreement to help reduce supply shortages.
urn:newsml:reuters.com:*:nFWN2HO1JS
* Julius Baer BAER.S said shareholders approved a second
payout for 2019. urn:newsml:reuters.com:*:nFWN2HO0ZU
* ABB ABBN.S announced a partnership in Thailand to offer
communication technology firm Ericsson's 5G solutions to ABB
customers. urn:newsml:reuters.com:*:nFWN2HO1L8
* OC Oerlikon OERL.S said order intake fell 17.3%
year-on-year to 518 million Swiss francs. urn:newsml:reuters.com:*:nFWN2HO1IG
* Transocean RIGN.S reported third-quarter revenue of $830
Million. urn:newsml:reuters.com:*:nASA01BNZ
* Luzerner Kantonalbank LUKN.S said it is targeting for
2021-2025 cumulative corporate profit of 1.025 to 1.1 bln Swiss
francs. urn:newsml:reuters.com:*:nFWN2HO1FU
* Ypsomed Holding YPSN.S saw sales rise 4.6% in the first
half of its 2020-21 reporting year, saying it expects a slight
increase in sales and growth in operating profit from core
operating activities for the 2020/21 financial year.
urn:newsml:reuters.com:*:nFWN2HO1KP
* Zehnder ZEHN.S announced the acquisition of a majority
stake in China's Fortuneway, manufacturer of heat and humidity
exchanges. urn:newsml:reuters.com:*:nFWN2HO1IL
* Addex Therapeutics ADXN.S reported a decrease in net
loss to 3.3 million francs. urn:newsml:reuters.com:*:nASN000HJ1
* Lem Holding LEHN.S said H1 EBIT fell 10%. urn:newsml:reuters.com:*:nFWN2HO1IN
ANALYSTS' VIEWS
ECONOMY
Swiss October CPI due at 0730 GMT. Seen 0.0% m/m, -0.6% y/y.
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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