Swiss stocks - Factors to watch on February 28

Kitco Media
By Reuters
Published:
Updated:
Reuters
ZURICH/BERLIN, Feb 28 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1% lower at 11,213 points on Tuesday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks:


CREDIT SUISSE Swiss financial watchdog FINMA has concluded its proceedings against Credit Suisse in connection with its business relationship with financier Lex Greensill and his companies, it said on Tuesday. In other news, Credit Suisse Group has hired Andy Kuo to join its wealth management business, the bank said on Tuesday. ADECCO Adecco ADEN.S said hiring volumes had weakened at the start of 2023 after the staffing company reported weaker-than-expected earnings during its fourth quarter.


SIG GROUP AG SIG Group 2022 revenue tops consensus, but profitability misses


ALCON AG Alcon Says Q4 2022 Sales Of $2.2 Bln, Up 1%



COMPANY STATEMENTS
*Feintool increased sales To CHF 861 Mln during 2022 Financial Year
*Roche joins forces with U.S. Centers For Disease Control And Prevention in fight against HIV and tuberculosis


ANALYSTS' VIEWS CICOR TECHNOLOGIES LTD : BAADER HELVEA INITIATES WITH ADD RATING; PRICE TARGET CHF 52 SWATCH GROUP AG : BARCLAYS RAISES TARGET PRICE TO CHF 372 FROM CHF 346 COMPAGNIE FINANCIERE RICHEMONT SA : BARCLAYS RAISES TARGET PRICE TO CHF 163 FROM CHF 155 LONZA GROUP AG : RBC RAISES TARGET PRICE TO CHF 760 FROM CHF 670
ECONOMY Swiss Q4 GDP due at 0800 GMT. Swiss February KOF indicator due at 0800 GMT. Seen at 98.0 Swiss January Official reserve assets due at 0800 GMT



(Reporting by Zurich newsroom and Berlin Speed Desk)


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