off-the-wire

Swiss stocks - Factors to watch on March 1

Kitco Media
By Reuters
Published:
Updated:
Reuters
ZURICH/BERLIN, March 1 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2% higher at 11,119 points on Wednesday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks:


KUEHNE UND NAGEL Swiss logistics group Kuehne und Nagel on Wednesday reported a 43% drop in fourth-quarter operating profit amid slowing economic activity, and said it expected geopolitical and inflationary challenges to persist in 2023.


SWISS LIFE Swiss Life increases net profitin 2022 by 16%.



JULIUS BAER Julius Baer said on Wednesday it has completed the 400 million Swiss franc ($425.35 million) share buy-back programit launched in March 2022.


COMPANY STATEMENTS
*Landis+Gyr says it signed a contractwith WEC Energy Group to expand existing AMI program for gas And electricity
*Credit Suisse announced a change of leadership in Personal & Business Banking


ANALYSTS' VIEWS BUCHER INDUSTRIES AG : CREDIT SUISSE RAISES TARGET PRICE TO CHF 473 FROM CHF 419 ALCON AG : CREDIT SUISSE RAISES TARGET PRICE TO CHF 82 FROM CHF 80 ADECCO GROUP AG : JP MORGAN RAISES TARGET PRICE TO CHF 29 FROM CHF 28 ALCON AG : JP MORGAN RAISES TARGET PRICE TO CHF 63.8 FROM CHF 60


ECONOMY


Swiss January retail sales due at 0730 GMT. Swiss February Manufacturing PMI due at 0830 GMT. (Reporting by Zurich newsroom and Berlin Speed Desk)


Daily Swiss stock market report in German All SMI constituent stocks DJ STOXX index Top 10 STOXX sectors Top 10 EUROSTOXX sectors Swiss mid-cap index Swiss all-share index Swiss market digest Sector overview All Swiss news Swiss research news All equity news SPEED GUIDES: ))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.