Swiss stocks - Factors to watch on April 24

Gurit Holding AG

24/04/2020 05:59

ZURICH/BERLIN, April 24(Reuters) - Here are some of the main
factors that may affect Swiss stocks on Friday:
    
    CORONAVIRUS
    The Swiss death toll from the new coronavirus has reached
1,268, the country's public health agency said on Thursday,
rising from 1,217 people on Wednesday.  urn:newsml:reuters.com:*:nZ8N2BP00E
    The Swiss government forecast the country's economy will
shrink 6.7% this year, saying it expected the recession
triggered by the coronavirus epidemic to be worse than feared
even last month.  urn:newsml:reuters.com:*:nL5N2CB5PS
          
    NESTLE  NESN.S  
    First quarter results due.
    
    SWATCH  UHR.S 
    Swatch Group CEO Nicolas Hayek said sales at the group's own
stores in China were up 24 % y/y in April, Blick newspaper
reported.
    
    COMPANY STATEMENTS
    * Dufry  DUFN.S  announced the launch of a placement of
shares by way of an accelerated bookbuilding and the offering of
approximately CHF 300 million convertible bonds.  urn:newsml:reuters.com:*:nFWN2CB16S
    * Gurit Holding  GUR.S  said CEO Rudolf Hadorn had decided
to step down as CEO at the end of March 2021 and the search
process for the future CEO had already been initiated.
    * Huber+Suhner AG  HUBN.S  said it was suspending guidance
for the 2020 financial year has been suspended.

    
    ANNUAL GENERAL MEETINGS
    LINDT & SPRUENGLI  LISN.S  - 1,750 CHF/shr dividend proposed
    SWISS NATIONAL BANK  SNBN.S  - 15 CHF/shr dividend proposed
    
    ANALYSTS' VIEWS
    * CREDIT SUISSE GROUP AG  CSGN.S : JP MORGAN CUTS TARGET
PRICE TO CHF 11 FROM CHF 12
    
    ECONOMY
    No major economic data scheduled.

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