off-the-wire

Swiss stocks - Factors to watch on April 6

Kitco Media
By Reuters
Published:
Updated:
Reuters
ZURICH/BERLIN, April 6 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Thursday:


CS/UBS MERGER


Switzerland has instructed Credit Suisse to cancel or reduce all outstanding bonus payments for the top three levels of management and examine whether those already paid can be recovered, the Federal Council said on Wednesday. COMPANY STATEMENTS Zurich Insurance Group said on Wednesday it was withdrawing from the Net Zero Insurance Alliance (NZIA), becoming the second founding member to quit the climate group in less than a week. Temenos is seeking fresh interest from private equity firms, Bloomberg News reported on Wednesday. ANALYSTS' VIEWS GIVAUDAN - JP MORGAN RAISES TO NEUTRAL FROM UNDERWEIGHT; RAISES TARGET PRICE TO CHF 3100 FROM CHF 2840


ECONOMY Swiss March Unemployment rate due at 0545 GMT. Seen at 2.0% unadj, 1.9% adj. Swiss March Forex Reserves due at 0700 GMT. SNB US Dollar auction due at 0900 GMT.
(Reporting by Zurich newsroom and Berlin Speed Desk)


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