Swiss stocks - Factors to watch on February 27

Centiel AG

27/02/2020 05:17

ZURICH/BERLIN, Feb 27 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Thursday:
    
    CORONAVIRUS
    * The United States and South Korea postponed joint military
drills to limit the spread of coronavirus, as the number of
infections outside China, the source of the outbreak, for the
first time surpassed those appearing in the country.
 urn:newsml:reuters.com:*:nL3N2AR0AY
    * The Geneva International Motor Show will go on as planned,
its organizers said after evaluating developments of the
coronavirus.  urn:newsml:reuters.com:*:nL5N2AQ7NS
    * Nestle  NESN.S  has asked its staff to halt international
travel for business purposes through March 15 as a precautionary
measure amid the rapid spread of the coronavirus globally, the
company said.  urn:newsml:reuters.com:*:nL3N2AQ49C
    
    SNB
    Negative interest rates are must for the Swiss economy
despite painful effects, Swiss National Bank governing board
member Andrea Maechler said. "For Switzerland in the current
environment, negative interest rates are absolutely necessary,"
Maechler said at an event hosted by investment managers at the
University of Zurich. "It's painful, I give you that. But
without negative interest rates, Switzerland would be much worse
off. That's absolutely clear for us."
    
    LAFARGEHOLCIM  LHN.S 
    2019 results due
    
    BANKING
    Raiffeisen Schweiz 2019 results due
    
    PETROBRAS  PETR4.SA 
    A Swiss court found a Swiss-Brazilian man guilty of
complicity in bribery and money laundering, marking
Switzerland's first conviction related to a probe into Brazilian
state oil firm Petrobras.  urn:newsml:reuters.com:*:nL5N2AQ7FV
    
      
    COMPANY STATEMENTS
    * Also  ALSN.S : EBITDA of 197 million euros in 2019; for
2020 planning to improve its reported EBITDA to 210-220 million
euros; has increased its midterm target for EBITDA to 250-310
million euros; proposes dividend of 3.25 Swiss francs.
 urn:newsml:reuters.com:*:nFWN2AQ0OL
    * Hochdorf  HOCN.S : selling majority shareholding of 60% in
Uckermaerker Milch to Ostmilch, which previously held 40% of
shares  urn:newsml:reuters.com:*:nFWN2AQ119
    
    
    ANALYSTS' VIEWS
    ALCON  ALC.N  - Credit Suisse raises target price to $72
from $68
    ORIOR  ORON.S  - Credit Suisse raises target price to chf 90
from chf 85
    
    
    ECONOMY
    No major Swiss economic data scheduled
    

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