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Swiss trade surplus at CHF 4.578 bln in August

TABLE-Swiss trade surplus at CHF 4.578 bln in August Sept 19 (Reuters) - Switzerland ran a merchandise trade surplus of 4.578 billion Swiss francs in August, the Federal Customs Office said on Thursday. KEY FIGURES (millions of Swiss francs) August 2024 July 2024 Imports 15.912 19.215 Exports 20.491 24.092 Balance 4.578 4.877 The figures exclude precious metals and stones, works of art and antiques.
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Top of the Street: Barry Callebaut, Compass Group, Swatch Group AG

BUZZ-Top of the Street: Barry Callebaut, Compass Group, Swatch Group AG Sept 17 (Reuters) - A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Barclays double-upgrades Barry Callebaut BARN.S to "overweight" from "underweight" and saying Swiss chocolate maker should benefit from cocoa price normalisation on the back of a more favourable crop outlook ** RBC cuts Compass Group CPG.L to "sector perform" from "outperform", saying the British caterer is now tradi
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BNP Paribas cuts Swatch to 'underperform' on lack of positive catalysts ahead of H2 results

BUZZ-BNP Paribas cuts Swatch to 'underperform' on lack of positive catalysts ahead of H2 results ** Exane BNP Paribas lowers its rating on the world's biggest watchmaker Swatch Group UHR.S to "underperform" from "neutral", citing negative newsflow in sector, high FX exposure and less luxury brand portfolio ** The broker notes H1 result was among th
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Barclays says China looks 'weaker for longer', cuts Kering, Burberry

BUZZ-Barclays says China looks 'weaker for longer', cuts Kering, Burberry ** Barclays says China looks "weaker for longer" on structural issues and cuts estimates and PTs across its coverage, while downgrading Gucci owner Kering PRTP.PA and Burberry BRBY.L ** "The sentiment on the ground was much more cautious than 6 months ago, as there is now a c
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From tech to banks, five lessons from Europe's Q2 earnings season

GRAPHIC-From tech to banks, five lessons from Europe's Q2 earnings season By Samuel Indyk and Lucy Raitano LONDON, Aug 16 (Reuters) - European companies likely grew earnings for the first time in five quarters, but concerns about the strength of the consumer and the economic outlook have cast a pall over the second-quarter earnings season. According to LSEG I/B/E/S data, Q2 earnings are expected to have increased 4.3% from the same period last year, the first quarterly rise since the first three
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