Swiss stocks - Factors to watch on June 12

HBM Healthcare Investments AG

12/06/2020 05:37

ZURICH/BERLIN, June 12 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Friday:
    
    CORONAVIRUS
    Asian shares fell sharply after Wall Street and oil tumbled
over growing concerns that a resurgence of coronavirus
infections could stunt the pace of recovery in economies
reopening from lockdowns.  urn:newsml:reuters.com:*:nL4N2DP089
    Facing budget shortfalls and double-digit unemployment,
governors of U.S. states that are COVID-19 hotspots pressed
ahead with economic reopenings that have raised fears of a
second wave of infections.  urn:newsml:reuters.com:*:nL1N2DP005
    The coronavirus pandemic is accelerating in Africa,
spreading to rural areas after international travellers brought
it to capital cities, the World Health Organization said.
 urn:newsml:reuters.com:*:nL8N2DO2LN
    
    
    NESTLE  NESN.S  
    Nestle is exploring a potential sale of part of its North
American water business, including the Pure Life brand, it said,
as the food giant shifts focus to better performing brands.
 urn:newsml:reuters.com:*:nL8N2DO5D7
    
      
    COMPANY STATEMENTS
    * Flughafen Zuerich  FHZN.S  said passenger numbers fell
98.4% in May and it was not yet possible to provide guidance for
traffic volumes for this year.  urn:newsml:reuters.com:*:nNDL2hTbr9
    * HBM Healthcare Investments  HBMN.S  said Novo Nordisk
 NOVOb.CO  had agreed to buy Corvidia Therapeutics for an
initial $725 million, but total payments could be $2.1 billion
depending on certain milestones.  urn:newsml:reuters.com:*:nL8N2DO4OO 
    * Valora  VALN.S  said the effects of the coronavirus crisis
are still having a major impact on revenues, although there are
"slightly positive tendencies."  urn:newsml:reuters.com:*:nTEN2zjyea
    
    
    ANALYSTS' VIEWS
    BARRY CALLEBAUT  BARN.S  - Credit Suisse cuts target price
to 2,075 SFr
        
    
    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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