Swiss stocks - Factors to watch on June 29
29/06/2020 05:24
ZURICH/BERLIN, June 29 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
CORONAVIRUS
The death toll from COVID-19 reached half a million people,
according to a Reuters tally. urn:newsml:reuters.com:*:nL1N2E5048
Asian share markets began the week with a cautious tone as
the spread of the coronavirus made investors question their
optimism on the global economy, benefiting safe harbour bonds
and the U.S. dollar. urn:newsml:reuters.com:*:nL4N2E604Q
Zurich's health authority said it had ordered a 10-day
quarantine for almost 300 guests and staff of a nightclub after
a reveller tested positive for the coronavirus and had been
proven to have infected others during his outing. urn:newsml:reuters.com:*:nL8N2E40GO
NOVARTIS NOVN.S
The drugmaker has withdrawn an application for European
approval of its Xiidra dry eye medicine after regulators
concluded its effectiveness had not been demonstrated and that
its benefits did not outweigh risks. urn:newsml:reuters.com:*:nL8N2E403Q
Takeda Pharmaceutical 4502.T said it anticipates an
operating loss of about $200 million related to Novartis'
decision to withdraw a marketing application for Xiidra.
urn:newsml:reuters.com:*:nFWN2E404G
ROCHE ROG.S
The company is unable to meet demand for molecular tests to
identify active COVID-19 infections, its chairman told
Tages-Anzeiger. urn:newsml:reuters.com:*:nL8N2E4061
MCH MCHN.S
Rupert Murdoch and his son James are considering investing
in MCH, the event group that organises Art Basel show, Finanz
und Wirtschaft said, citing two unspecified sources.
urn:newsml:reuters.com:*:nL8N1BL0S0
BANKING UBSG.S CSGN.S
Reforms to the global financial system following the banking
crisis a decade ago have cut the risk of taxpayers having to
rescue lenders again but some gaps still need plugging, the
Financial Stability Board said. urn:newsml:reuters.com:*:nL8N2E33PT
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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