Swiss stocks - Factors to watch on May 27
27/05/2020 05:49
ZURICH/BERLIN, May 27 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Wednesday:
CORONAVIRUS
Swiss drugmaker Novartis NOVN.S said it is pressing ahead
with its own study of the malaria drug hydroxychloroquine
against COVID-19, even as the World Health Organization puts its
own multi-country effort on pause to examine safety concerns.
"We need randomised, controlled clinical trials to clearly
understand efficacy and safety," a spokesman said. urn:newsml:reuters.com:*:nL8N2D84YX
SIKA SIKA.S
France's Saint Gobain SGOB.PA is selling a $2.8 billion
stake in Swiss adhesives maker Sika, jettisoning a holding
linked to the French company's unsuccessful takeover attempt.
SIKA.S
STADLER RAIL SRAIL.S
Germany's RAG Stiftung said it intends to remain a
significant shareholder in Stadler Rail, even as it sells 5
million shares and cuts its stake in half to 5%. Buyers include
Stadler's main shareholder, Peter Spuhler. SRAIL.S
ARYZTA ARYN.S
A shareholder group led by Swiss activist investor Veraison
said it took on another stock owner, Heiner Kamps, bringing its
total ownership to 18.4% of the shares. The group is pursuing
changes at Aryzta, including naming Urs Jordi as its new
chairman. urn:newsml:reuters.com:*:nFWN2CU1CJ
COMPANY STATEMENTS
* The Kudelski Group KUD.S announced a technology and
intellectual property license agreement with Swiss sports
streaming service DAZN KUD.S
* Sonova SOON.S said it issued a double tranche 500
million Swiss franc bond SOON.S
* Medacta MOVE.S said it got the CE marking for multiple
sports medicine products. MOVE.S
ECONOMY
Swiss May investor sentiment due at 0800 GMT.
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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