Here are some of the main factors that may affect Swiss stocks on Thursday: COMPANY STATEMENTS. SHL Telemedicine said the Alroy Group decided to terminate its shareholder's agreement with immediate effect. ANALYSTS' VIEWS. SIEGFRIED HOLDING AG - CREDIT SUISSE RAISES TARGET PRICE TO CHF 930 FROM CHF 914.26. SWISS LIFE HOLDING AG - CREDIT SUISSE RAISES TARGET PRICE TO CHF 505 FROM CHF 485. ECONOMY.
The Norwegian and New Zealand central banks this week both delivered yet more interest rate hikes and signalled further tightening is round the corner as policymakers globally race to get on top of runaway inflation. Central banks from the United States to Canada, Australia and Switzerland have lined up with aggressive rate rises recently.
The Norwegian and New Zealand central banks this week both delivered yet more interest rate hikes and signalled further tightening is round the corner as policymakers globally race to get on top of runaway inflation. Central banks from the United States to Canada, Australia and Switzerland have lined up with aggressive rate rises recently.
Switzerland's federal council said on Wednesday first estimates pointed to a financing deficit of 5.0 billion francs for the confederation this year, largely due to extraordinary expenditure to combat the COVID-19 pandemic.
Luxury watch retailer Watches of Switzerland expects a potentially more challenging trading environment in the second half of its current financial year, it said on Tuesday, as tough economic conditions impact spending patterns. "We're not really worried because so much of our business is driven by the supply," Chief Executive Brian Duffy told Reuters in an interview.
Sight deposits held by the Swiss National Bank increased by 1.7 billion Swiss francs last week, data showed on Monday, indicating the central bank could be intervening in the market to slow the franc's surge in value. Total sight deposits held by the SNB increased to 751.28 billion francs from 749.61 billion francs a week earlier, according to bank data.
The United States and Switzerland can move towards free trade between their countries with sectoral deals and they are working on facilitating business in the pharmaceutical sector, the U.S. ambassador to Switzerland told the Tages Anzeiger newspaper.
Swiss artist Francois Monthoux's annual project to build clay sculptures on the banks of Switzerland's Toleure river has sprawled into a captivating castle complex this year as the drought afflicting Europe allows him to extend his dream world. Monthoux began this year's project with modest ambitions six weeks ago but the drought allowed him to build an entire city of spires.
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