Swiss stocks - Factors to watch on June 4
04/06/2018 05:48
ZURICH, June 4 (Reuters) - Here are some of the main factors
that may affect Swiss stocks on Monday.
RICHEMONT CFR.S
The Swiss luxury goods group said on Friday it is to buy
Watchfinder.co.uk Limited, extending its reach into the
second-hand watch market seen by some in the industry as a
fast-growing business. urn:newsml:reuters.com:*:nFWN1T30VP
ROCHE ROG.S
In a disappointment for Roche, two of its oncology drugs
provided only modest protection from disease progression in lung
cancer and breast cancer, according to data from separate
clinical trials presented on Saturday. urn:newsml:reuters.com:*:nL2N1T220W
The Swiss drugmaker on Friday won European Union approval
for its Perjeta medicine to treat a type of breast cancer whose
sufferers are at a high risk of re-occurrence, a key element of
its strategy to replace older medicines with newer, faster
growing drugs. urn:newsml:reuters.com:*:nFWN1T30VE
CEO Severin Schwan reiterates in Basler Zeitung newspaper
interview printed on Saturday that the drugmaker should be able
to use new products to offset the loss of sales from older drugs
losing patent protection.
"Of course there are always some uncertainties. Not all 15
medicines now in the late stage of development will come to
market. But from today's standpoint I am confident that we will
grow sales," he is quoted as saying.
NOVARTIS NOVN.S
With women hardest hit by migraine headaches, the Swiss
drugmaker is gearing up its marketing message to counteract
sexism that it worries might become a barrier to adoption of its
new medicine Aimovig. urn:newsml:reuters.com:*:nL5N1T040U
UBS /DEUTSCHE BANK
Finanz und Wirtchaft paper's Praktikus column writes at the
weekend that UBS UBSG.S financed Chinese conglomerate HNA's
HNAIRC.UL stake in Deutsche Bank DBKGn.DE that has since
fallen to nearly 8 percent and arranged an options structure
under which UBS under certain conditions has to pay HNA if
Deutsche shares fall below 15 euros each, as has been the case
since January. Says unclear whether UBS has lost money on the
deal, which was secured by Deutsche shares.
ASMALLWORLD ASWN.S
The private social network operator expects to make a profit
in 2021, Chairman and major investor Patrick Liotard-Vogt tells
the SonntagsZeitung newspaper urn:newsml:reuters.com:*:nL5N1T508F
COMPANY STATEMENTS CPR-CH
* Siegfried SFZN.S Chief Executive Rudolf Hanko will
resign on Dec. 31, to be replaced by Wolfgang Wienand. SFZN.S
ECONOMY M-CH
Non-farm payrolls data for first quarter due at 0715 GMT
Swiss National Bank releases sight deposits data at 0800GMT
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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