Swiss stocks - Factors to watch on October 2

DocMorris AG

02/10/2024 05:57

ZURICH/GDANSK, Oct 2(Reuters) - Here are some of the
main factors that may affect Swiss stocks on Wednesday:
    
    SWISS NATIONAL BANK  SNBN.S 
    The Swiss National Bank cannot rule out the possibility of
taking interest rates into negative territory while the risks
for Swiss inflation are tilted downwards, new Chairman Martin
Schlegel said on Tuesday.
    
    FINMA
    The head of Switzerland's financial market regulator (FINMA)
said on Tuesday his watchdog needed to be granted greater powers
to oversee banks, speaking as the country works to make its
financial system more robust.
    
    ANALYSTS' VIEWS
    DOCMORRIS  DOCM.S  - HSBC CUTS TO HOLD FROM BUY, CUTS TARGET
PRICE TO CHF 40 FROM CHF 75
    ZURICH INSURANCE GROUP  ZURN.S  - HSBC RAISES TARGET PRICE
TO CHF 525 FROM CHF 515

    ECONOMY
    SNB US dollar auction due at 0900 GMT.

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