Swiss stocks - Factors to watch on February 5

Bystronic AG

05/02/2020 06:09

ZURICH/BERLIN, Feb 5 (Reuters) - The Swiss blue-chip SMI
 .SSMI  was seen opening down 0.25% at 10,774 points on
Wednesday, according to premarket indications by bank Julius
Baer  JBPRE01 .
    Here are some of the main factors that may affect Swiss
stocks:
    
    CORONAVIRUS
    The death toll from a coronavirus outbreak in China passed
490 on Wednesday, as two U.S. airlines suspended flights to Hong
Kong following the first fatality there and 10 cases were
confirmed on a cruise ship quarantined in Japan.  urn:newsml:reuters.com:*:nL4N2A50AN
    
    ABB  ABBN.S 
    ABB reported better than expected earnings during its fourth
quarter as the Swiss engineering company forecast on Wednesday
the global economy would grow at a similar trend as in 2019.
 urn:newsml:reuters.com:*:nZ8N26M005
    
    GIVAUDAN  GIVN.S 
    French perfumes company Robertet  ROBF.PA  said Givaudan was
now holding 4.68% Of its Capital.  urn:newsml:reuters.com:*:nFWN2A40RR
         
    CREDIT SUISSE  CSGN.S 
    Lawyers for Credit Suisse last week re-interviewed a former
bank executive who said the Swiss lender had her followed in New
York, according to a person familiar with the matter, weeks
after the company dismissed her allegation as baseless.
 urn:newsml:reuters.com:*:nL8N2A40L6
       
    COMPANY STATEMENTS
    * Conzzeta  CONC.S  said full-year net revenue was down to
1.57 billion Sfr.  urn:newsml:reuters.com:*:nFWN2A40YX
    
    ANALYSTS' VIEWS
    STADLER RAIL  SRAIL.S  - Citigroup raises price target to
Sfr 45 from Sfr 44
    SGS  SGSN.S  - Berenberg raises target price to Sfr 2500
from Sfr 2350
    
        
    ECONOMY
    * The coronavirus epidemic has triggered renewed upward
pressure on the Swiss franc, Swiss National Bank Chairman Thomas
Jordan said, underscoring the need for an expansive monetary
policy to help soften the safe-haven currency.  urn:newsml:reuters.com:*:nZ8N27U03Q
    * Swiss consumer sentiment improved to -9.4 points in the
first quarter from a revised -10.3 points in the fourth quarter.
 urn:newsml:reuters.com:*:nS8N29Z063
    

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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