Swiss stocks - Factors to watch on July 20
20/07/2020 05:56
ZURICH/BERLIN, July 20 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
BANKS
Global wealth managers are examining whether their clients
in Hong Kong have ties to the city's pro-democracy movement, in
an attempt to avoid getting caught in the crosshairs of China's
new national security law, according to six people with
knowledge of the matter.
Bankers at Credit Suisse Group AG CSGN.S , HSBC Holdings
Plc HSBA.L , Julius Baer Gruppe AG BAER.S and UBS Group AG
UBSG.S , among others, are broadening scrutiny under their
programs that screen clients for political and government ties
and subjecting them to additional diligence requirements, these
people said. urn:newsml:reuters.com:*:nL2N2EN1JI
JULIUS BAER BAER.S
Half-year results due.
UBS UBSG.S
Banks including Citi and UBS have paused Hong Kong
return-to-office plans as coronavirus cases jump, Bloomberg
reported. urn:newsml:reuters.com:*:nL3N2ER17N
COMPANY STATEMENTS
* Comet Holding COTNE.S said Elisabeth Pataki was taking
over as CFO at Comet Group and Kevin Crofton would join Comet as
CEO from September 1, 2020. It said its first-half sales had
increased by 3% to approximately CHF 182 million ($193.80
million).
* Basilea BSLN.S said on Friday it was continuing with the
implementation of the repurchase offer and the issuance of new
bonds.
ANALYSTS' VIEWS
* NESTLE SA NESN.S : HSBC CUTS TARGET PRICE TO CHF 101 FROM
CHF 103
ECONOMY
SNB sight deposits due at 0800 GMT.
($1 = 0.9391 Swiss francs)
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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