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Swiss stocks - Factors to watch on January 8

Published 08/01/2020, 06:06 pm
© Reuters.  Swiss stocks - Factors to watch on January 8
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BERLIN/ZURICH, Jan 8 (Reuters) - The Swiss blue-chip SMI .SSMI was seen opening 0.3% lower at 10,658 points on Wednesday, according to premarket indications by bank Julius Baer JBPRE01 .

Here are some of the main factors that may affect Swiss stocks:

STOCKS

European companies will report a smaller growth in earnings in the fourth quarter than previously expected, but are likely to end a nine month long corporate recession, according to data from I/B/E/S Refinitiv. STATEMENTS

* Unlisted Swiss customs and freight forwarding solutions provider SISA Studio Informatica SA is acquired by Australia's WiseTech Global WTC.AX . SGS SGSN.S said it has acquired U.S. clinical research company Thomas J Stephens & Associates for an undisclosed amount. SGSN.S

* Schindler Holding SCHP.S - family members have agreed a to reallocate shares between generations in a series of transactions due to take place in the next two years. SCHP.S

ANALYSTS' VIEWS

CREDIT SUISSE CSGN.S - RBC cuts target price to 15 SFr from 15.50 SFr

UBS UBSG.S - RBC raises target price to 14.50 SFr from 13.50 SFr

ABB ABBN.S - BofA Global Research says the company rolled over back on to Europe 1 list

ECONOMY

No major Swiss economic data scheduled

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