Swiss stocks - Factors to watch on Aug 4

Eeii AG

04/08/2020 05:44

ZURICH/BERLIN, Aug 4 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Tuesday:
    
    CORONAVIRUS
    The top Democrats in the U.S. Congress and White House
negotiators said they had made progress in talks on a new
coronavirus relief bill, though the administration said
President Donald Trump could act alone if no deal is reached.
 urn:newsml:reuters.com:*:nL1N2F50O6
    Asian shares rose after strong U.S. manufacturing data and
gains in tech stocks helped investors look past broader worries
about the coronavirus and global economy.  urn:newsml:reuters.com:*:nL4N2F551V
    
    
    SGS  SGSN.S 
    Germany's Von Finck family sold its remaining roughly 3%
stake in the inspections group via an accelerated bookbuilding
process worth around 550 million Swiss francs.  urn:newsml:reuters.com:*:nZ8N2DO00F
 urn:newsml:reuters.com:*:nFWN2F50TR
    
    SIG COMBIBLOC  SIGNC.S 
    Funds advised by affiliates of Onex sold a stake of around
10% via an accelerated bookbuilding process worth around 520
million Swiss francs.  SIGNC.S 
    
    GIVAUDAN  GIVN.S 
    Givaudan says it has closed the acquisition of French
biotechnology company Alderys.
    
    SIX
    Trading turnover on the Swiss Stock Exchange was down 22.1%
in July compared to June and reached 119.3 billion Swiss francs,
while the number of transactions decreased by 14.5% to
7,364,635. Trading turnover in the first seven months rose 37.1%
while the number of trades rose by 90.6%, SIX said https://www.six-group.com/en/newsroom/media-releases/2020/20200803-keyfigures-exchange-july-2020.html.
        
    
    COMPANY STATEMENTS
    * EEII  EIC.S  says Gehold and Nacala Worldwide have signed
an agreement regarding sale of Gehold's entire participation in
EEII (92.41% of total capital and voting rights) to Nacala.
 urn:newsml:reuters.com:*:nFWN2F50Z1
    * Relief Therapeutics  RLFB.S  announced that RLF-100
(aviptadil) showed rapid recovery from respiratory failure in
the most critically ill patients with COVID-19.  urn:newsml:reuters.com:*:nBw71Qt1Ha
    
    
    
    ANALYSTS' VIEWS
    SWISS RE  SRENH.S  - JP Morgan cuts price target to chf 93
from chf 94 
    NESTLE  NESN.S  - JP Morgan raises price target to chf 123
from chf 116

    
    ECONOMY
    Swiss Q3 consumer confidence due at 0545 GMT

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