Swiss stocks - Factors to watch on February 4
04/02/2020 05:45
ZURICH/BERLIN, Feb 4 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Tuesday:
CORONAVIRUS
Hong Kong reported its first death from the newly identified
coronavirus, the second fatality outside mainland China from an
outbreak that has killed over 420 people, spread around the
world and raised fears for global economic growth. urn:newsml:reuters.com:*:nL4N2A401C
SGS SGSN.S
The von Finck family is reducing its stake in the
inspections group, placing a 12.7% stake via an accelerated
bookbuilding process in a transaction worth about 2.3 billion
Swiss francs. The sale through sole bookrunner Credit Suisse
will leave the family a stake of about 3%. urn:newsml:reuters.com:*:nL8N2A36GQ
SIX SWISS EXCHANGE
Trading turnover on the Swiss Stock Exchange in January rose
7.6% year on year, while the number of trades rose by +26.1%.
COMPANY STATEMENTS
* Luzerner Kantonalbank LUKN.S reported a 2019 profit of
205 million Swiss francs, up 2.2%. urn:newsml:reuters.com:*:nFWN2A31C8
ANALYSTS' VIEWS
JULIUS BAER BAER.S - JP Morgan raises target price to 57
Sfr from 55 Sfr
ECONOMY
* The U.S. Commerce Department finalised a new rule to
impose anti-subsidy duties on products from countries that it
has determined undervalue their currencies against the dollar.
urn:newsml:reuters.com:*:nL1N2A402H
* 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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