Swiss stocks - Factors to watch on January 7
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Swiss stocks may be influenced by several factors on January 7. Nestle is recalling some infant nutrition products in Europe due to potential contamination, prompting warnings from Saudi Arabia's Food and Drug Authority. Swisscom's Fastweb and Telecom Italia are close to a mobile network-sharing deal to reduce 5G infrastructure costs. Additionally, Alcon is terminating its acquisition of STAAR Surgical due to insufficient shareholder support. Jefferies has lowered Nestle's target price from CHF 81 to CHF 76. An SNB US Dollar auction is scheduled for 1000 GMT.
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