Swiss stocks - Factors to watch on February 7
07/02/2024 05:37
ZURICH/BERLIN, Feb 7 (Reuters) - Here are some of the
main factors that may affect Swiss stocks on Wednesday:
UBS UBSG.S
UBS CEO Sergio Ermotti said on Tuesday that authorities
should not require it to hold more capital, ahead of an official
review into the Swiss banking system over the failure of Credit
Suisse.
NESTLE NESN.S
Consumer products makers Gerber and Perrigo PRGO.N failed
to knock back a distributor's lawsuit claiming they conspired to
curb competition for "store brand" infant formula sold to
retailers including Walmart, CVS and Target, a federal judge has
ruled.
U.S. District Judge Nina Gershon in Brooklyn said in a
decision on Tuesday that P&L Development could pursue its
lawsuit for now against Nestle-owned Gerber and Perrigo accusing
them of violating U.S. antitrust law.
COMPANY STATEMENTS
*Daetwyler Holding AG DAE.S said it was cautiously
optimistic for 2024 and aims to achieve low single-digit
percentage organic revenue growth and an improved EBIT margin
after releasing full-year results. DAE.S
ANALYSTS' VIEWS
SOFTWAREONE HOLDING AG SWON.S : JP MORGAN CUTS TARGET PRICE
TO CHF 15 FROM CHF 16
ECONOMY
Swiss January unemployment rate due at 0645 GMT. Adjusted
unemployment rate seen at 2.2%.
Swiss January Forex Reserves due at 0700 GMT.
SNB US Dollar auction due at 1000 GMT.
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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