Swiss stocks - Factors to watch on August 12

Elma Electronic AG

12/08/2020 05:54

ZURICH/BERLIN, Aug 12 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Wednesday:
    
    CORONAVIRUS
    Asian stocks dipped on growing uncertainty over whether the
U.S. lawmakers would agree on an additional round of big fiscal
stimulus to support an economy still struggling with the novel
coronavirus.  urn:newsml:reuters.com:*:nL4N2FE0QQ
    More than 100,000 cases of COVID-19 are being reported daily
in the Americas, half of them in the United States, and there
are worrisome spikes in countries that had outbreaks controlled,
the World Health Organization said.  urn:newsml:reuters.com:*:nL1N2FD0ZE
    New Zealand officials are investigating the possibility that
its first COVID-19 cases in more than three months were imported
by freight, as the country plunged back into lockdown.
 urn:newsml:reuters.com:*:nL4N2FE05N
    
    
    SUNRISE COMMUNICATIONS  SRCG.S 
    The company has recommended its shareholders accept an offer
of 110 Swiss francs per share from Liberty Global  LBTYA.O .
 urn:newsml:reuters.com:*:nTENifzb6a
      
    BANKING  UBSG.S   CSGN.S 
    European banks committed to backing action on climate change
face allegations of double standards from indigenous groups in
Ecuador after a report named them as major players in the trade
in oil from the Amazon rainforest.  urn:newsml:reuters.com:*:nL8N2F75SV
    
    
    COMPANY STATEMENTS
    * VZ  VZN.S  said it expected to continue to grow in the
second half of the year after it increased its operating
revenues by 7.4% y/y in the first half.  urn:newsml:reuters.com:*:nNDLjlKpj
    * Wisekey  WIHN.S  announced it is investing $5.5 million in
the unlisted German artificial intelligence company Arago for a
5% stake.  urn:newsml:reuters.com:*:nGNE4v87Kn
    * HBM Healthcare Investments'  HBMN.S  Harmony Biosciences
announced details of its planned Nasdaq IPO and said it intended
to issue 4.65 million new shares at a price of $20-$23 per
share.  urn:newsml:reuters.com:*:nTEN4zfpfa
    * Elma Electronic  ELMN.S  reported a first-half net profit
of 0.8 million Swiss francs.  urn:newsml:reuters.com:*:nNDL5bGTXg
    
    
    ANALYSTS' VIEWS
    NOVARTIS  NOVN.S  - JP Morgan cuts price target to chf 82
from chf 84
    VIFOR PHARMA  VIFN.S  - Credit Suisse cuts target price to
chf 152 from chf 170
    
    
    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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