Some of the names on the move ahead of the open.» Read More
ZURICH, Oct 1- The outlook for Swiss industry darkened further in September, dragged down by sluggish economies in the euro zone and the United States that central bank actions have so far failed to revive. The index is compiled by the Swiss SVME purchasing managers' association and Credit Suisse, and a reading below 50 signals a contraction.
It is an enormous contrast to the KOF indicators, which is going in the other direction, but we tend to have more trust in the PMI indicator as Switzerland can't stay unscathed by the global economic slowdown. We think Switzerland will be spared a recession but the risks remain. "
A technical recession in Switzerland is being confirmed, I'd say we're shaping up for three negative quarters rather than two. The euro zone recession is going to be more and more felt in Switzerland.
ZURICH, Oct 1- The Swiss purchasing managers' index fell to a seasonally adjusted 43.6 points in September from 46.7 points in the previous month, data showed on Monday. ANALYSTS' VIEWS BERND HARTMANN, VP BANK. That Switzerland found itself in a difficult environment was clear but the clear fall in the index is somewhat surprising.
ZURICH, Oct 1- The Swiss purchasing managers' index fell to a seasonally adjusted 43.6 points in September from 46.7 points in the previous month, data showed on Monday. The index is compiled by the Swiss SVME purchasing managers' association and Credit Suisse. For more details of the Credit Suisse/ SVME statement Reuters 3000 Xtra users can click on:.
*Credit Suisse cuts Banco Popular target price to euros 1.45 from. *Credit Suisse raises Banco Sabadell target price to euros 1.50 from. *Credit Suisse raises BBVA target price to euros 6.30 from euros 5.50; rating neutral.
Oct 1- London Stock Exchange Group PLC:. *Credit Suisse cuts London Stock Exchange Group Plc price target to. Reuters Station users, click. 1580.
Oct 1- Weir Group PLC:. *Credit Suisse cuts Weir Group PLC to neutral from outperform. Reuters Station users, click. 1580.
Credit Suisse started coverage of PT Garuda Indonesia Tbk. with an' outperform' and a target price of 900 rupiah, saying the national flag carrier's d i scounted stock price, organic revenue growth and cost cuts make the stock attractive.
HELSINKI, Oct 1- The following stocks may be affected by newspaper reports and other factors on Monday:. The EU Commission has informed the Finnish steel company that the divestment of its Swedish melting and coil operations may not be enough to permit the approval of the Inoxum deal with Thyssenkrupp, Outokumpu said.
*Credit Suisse cuts Nokia to underperform from neutral; target. price to 1.60 euros from 2 euros. Reuters Station users, click. 1580.
JAKARTA, Oct 1- Indonesia's exports slumped more than expected in August while annual inflation eased in September, leading economists to expect the central bank to have room to keep benchmark interest rates at a record low all year.
The U.S. economy should grow in the third quarter, but at a more modest level, railroad CSX CEO Michael Ward, told CNBC’s “Squawk Box.”
Take a look at some of Wednesday’s morning movers.
"Ever since we had this comment from the Swiss National Bank about Credit Suisse's weak capital ratios there was this speculation that they might need to raise capital we have seen the measures now today they are not as diluted as many people might have feared and this is triggering the rally," Dirk Becker, head of banking sector research at Kepler capital markets, told CNBC.
Earnings season heats up as Intel and Yahoo beat expectations; Hank Greenberg gets a legal victory and the FDA approves Vivus anti-obesity pill.
"Bank recapitalization is a major hot topic in Europe generally and people that can get ahead of that curve it is very positive for them to do so, any move to build capital in European banks is very positive development," Steve Brice, chief investment strategist at Standard Chartered Bank, told CNBC.
Credit Suisse announced a pretax income of 1.2 billion dollars for the second quarter, a net income to shareholders of 0.8 billion and a return of equity of nine percent.
Stocks closed higher in choppy trading Tuesday, wiping out the previous session's declines, thanks to better-than-expected earnings reports and as investors remained hopeful that the central bank may still be open to further easing.
Check out which companies are making headlines after the bell Tuesday: