SSwiss stocks - Factors to watch on May 11
11/05/2020 05:55
ZURICH/BERLIN, May 11(Reuters) - The Swiss blue-chip SMI
.SSMI was seen opening 0.6% higher at 9,722 points on Monday,
according to premarket indications by bank Julius Baer
JBPRE01 .
Here are some of the main factors that may affect Swiss
stocks:
ROCHE ROG.S
The Swiss drugmaker said on Monday it has hired a
Massachusetts Institute of Technology (MIT) professor as the new
head of its U.S. research arm that was responsible for some of
the company's best-selling medicines of the last few decades.
urn:newsml:reuters.com:*:nFWN2CT031
LAFARGEHOLCIM LHN.S
The cement maker said a deal to sell its Philippines
business, valued at $2.15 billion, has failed after the
country's competition authority did not give approval in time.
urn:newsml:reuters.com:*:nL8N2CT0R0
CORONAVIRUS
Swiss schools start reopening on Monday. Getting children
back into classrooms may seem like a reassuring step toward
normalcy after weeks of coronavirus lockdown but for some
parents in Switzerland like Audrey Razama, it's a source of
anxiety. urn:newsml:reuters.com:*:nL8N2CS0P6
SNB
The Swiss National Bank has no alternative to its
ultra-expansive monetary policy, with the coronavirus crisis
heaping "enormous" appreciation pressure on the safe-haven Swiss
franc, SNB Chairman Thomas Jordan said in newspaper interviews.
urn:newsml:reuters.com:*:nL8N2CQ5CW
NOVARTIS NOVN.S
Novartis weighs selling Austria-based antibiotics business -
Der Standard urn:newsml:reuters.com:*:nL8N2CR03V
Chinese regulators have approved Novartis's Mayzent to treat
relapsing multiple sclerosis in adults urn:newsml:reuters.com:*:nL1N2CR02W
COMPANY STATEMENTS
* Komax KOMN.S said it is reorganizing its businesses and
named its new Market & Digital Services head Tobias Roelz to its
excututive committee. KOMN.S
* SGS SA SGSN.S said it is working with NH Hotel group on
a global disinfection assessment label SGSN.S
* Aryzta ARYN.S said APMEA COO Rob O’Boyle's departure
will be postponed to July 31 due to the coronavirus, to allow
for a better transition to his successor Chris Pluess. ARYN.S
LUFTHANSA/SWISS
Lufthansa unit Swiss sees 50% flight resumption by end-2020
- NZZ urn:newsml:reuters.com:*:nL8N2CR04A
ANALYSTS' VIEWS
SWATCH GROUP AG UHR.S : Credit Suisse cuts target price to
190 Swiss francs from 250 Swiss francs
VAT GROUP AG VACN.S : Credit Suisse raises target price to
120 Swiss francs from 107 Swiss francs
IDORSIA LTD IDIA.S : Credit Suisse raises to outperform
from neutral; raises target price to 35 Swiss francs from 29
Swiss francs
PARTNERS GROUP HOLDING AG PGHN.S : Credit Suisse cuts
target price to 925 Swiss francs from 1000 Swiss francs
ECONOMY
SNB sight deposits due at 0800 GMT.
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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