Swiss stocks - Factors to watch on February 7
07/02/2020 05:38
ZURICH/BERLIN, Feb 7 (Reuters) - The Swiss blue-chip SMI
.SSMI was seen opening roughly unchanged at 11,015 points on
Friday, according to premarket indications by bank Julius Baer
JBPRE01 .
Here are some of the main factors that may affect Swiss
stocks :
CREDIT SUISSE CSGN.S
Switzerland's second-largest lender said it had accepted
Chief Executive Tidjane Thiam's resignation following a spying
scandal. The bank said he would be replaced by Thomas Gottstein,
the head of its Swiss business. urn:newsml:reuters.com:*:nL8N2A70WM
CORONAVIRUS
Chinese President Xi Jinping assured U.S. President Donald
Trump that China was doing all it can to contain a new
coronavirus that has killed almost 640 people, including a
doctor who sounded the alarm only to be threatened by
police. urn:newsml:reuters.com:*:nL4N2A6068
MCH Group said it would cancel this year's Art Basel Hong
Kong fair due to the spread of new coronavirus. urn:newsml:reuters.com:*:nGNE3qjnxg
BANKING UBSG.S CSGN.S
Large banks with significant trading operations will have
their finances tested in 2020 against a scenario that includes
"heightened stress" in leveraged loans, the U.S. Federal Reserve
announced https://bit.ly/2H40KA2. urn:newsml:reuters.com:*:nL1N2A621B
UBS is replacing the head of finance for its flagship
wealth management business in one of the unit's first high-level
departures since a strategy overhaul announced in January.
urn:newsml:reuters.com:*:nL8N2A67LI
COMPANY STATEMENTS
* Dottikon ES DESN.S said it expected growth momentum and
was expanding its production capacity substantially by building
new production plants. urn:newsml:reuters.com:*:nFWN2A61CU
* Ems Chemie EMSN.S said operating income in 2019 rose by
0.6% to 624 million Swiss francs as the company balanced lower
revenue with efficiency efforts. urn:newsml:reuters.com:*:nL8N2A70YB
* Mobimo MOBN.S reported a full-year profit of 103.1
million Swiss francs. urn:newsml:reuters.com:*:nFWN2A61B7
* Roche ROG.S said it would present new data on Tecentriq
in combination with Avastin that showed improvement in overall
survival for Chinese patients with the most common form of liver
cancer. urn:newsml:reuters.com:*:nNDL3mCc5
* Zuercher Kantonalbank ZKB.UL reported a 2019 net profit
of 845 million Swiss francs. https://bit.ly/2S8lFsi
ANALYSTS' VIEWS
KOMAX KOMN.S - Credit Suisse cuts target price to 180 Sfr
from 202 Sfr
LONZA LONN.S - Citigroup raises price target to 440 Sfr
from 349 Sfr
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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