Swiss stocks - Factors to watch on February 8
08/02/2021 05:42
ZURICH/BERLIN, Feb 8 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
CORONAVIRUS
Some 500 protesters marched through the Swiss tax haven of
Zug on Saturday, wearing white protective suits and chanting
dystopian slogans to voice displeasure with rules aimed at
limiting the spread of the COVID-19 pandemic. urn:newsml:reuters.com:*:nL8N2KC0D5
EUROPEAN UNION, SWISS TREATY
The European Union will not reopen parts of a stalled
bilateral treaty with Switzerland, the EU ambassador to the
Alpine republic said in an interview with newspaper Blick,
taking a hard line on Swiss misgivings over talks that have
lasted years. urn:newsml:reuters.com:*:nL8N2KD084
NOVARTIS NOVN.S
The Swiss drugmaker is in talks over a deal to manufacture
ingredients at its site in Kundl, Austria, for a European maker
of an mRNA vaccine, a Novartis spokesman said. Germany's CureVac
5CV.DE is in late-stage trials for its mRNA vaccine. Neither
company would confirm the prospective transaction involves
CureVac. NOVN.S
ABB ABBN.S
CEO Bjorn Rosengren told Swiss newspaper SonntagsZeitung
that layoffs that were a central piece of cost-cutting programs
are largely finished. He also opposes activist investors'
demands that two divisions, ABB Automation and ABB
Electrification, be split up, saying "they fit together...We
have to deliver, then even the activists will calm down."
ABBN.S
UBS UBSG.S
Swiss bank UBS is looking to raise the bonus pool for its
investment bankers by as much as 20% after a surge in trading
revenue helped it post the highest profit in five years,
Bloomberg News reported on Friday, citing people with knowledge
of the matter. urn:newsml:reuters.com:*:nL4N2KC009
UBS AG has appointed a senior HSBC banker, Tarek Eido, as
head of wealth management in Qatar as the world's biggest wealth
manager prepares to open a wealth management office in Doha,
according to an internal memo. urn:newsml:reuters.com:*:nL1N2KB2N5
ANALYSTS' VIEWS
LEM HOLDING SA LEHN.S : CREDIT SUISSE RAISES TARGET PRICE
TO CHF 1709 FROM CHF 1422
IDORSIA LTD IDIA.S : JP MORGAN CUTS TARGET PRICE TO CHF 28
FROM CHF 31
ECONOMY
* Swiss unemployment rate due at 0645 GMT
* SNB sight deposits due at 0900 GMT
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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