Swiss stocks - Factors to watch on May 7
07/05/2020 05:22
ZURICH/BERLIN, May 7 (Reuters) - The Swiss blue-chip SMI
.SSMI was seen opening little changed at 9,575 points on
Thursday, 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
The Swiss bank said the COVID-19 impact on its ROTE goal for
2020 cannot be predicted at this time. CSGN.S
ROCHE ROG.S
Chief Executive Severin Schwan said it is too early to say
if the coronavirus crisis will make it easier to acquire
companies, but he would not rule it out, according to an
interview in Neue Zuercher Zeitung. ROG.S
NOVARTIS NOVN.S
The company priced its treatment for a hard-to-treat form of
lung cancer at the U.S. wholesale acquisition cost of $17,950
for a 28-day supply, following the drug's approval by
regulators. urn:newsml:reuters.com:*:nL4N2CO3KT
MCH GROUP MCHN.S
The trade fair organiser canceled Baselworld 2021, after
scrubbing the 2020 event due to the coronavirus. "Together with
the exhibitors and visitors, we are working intensively on
clarifying and discussing the requirements and options for new
platforms," it said. MCHN.s
COMPANY STATEMENTS
* Schaffner SAHN.S reported half-year EPS of 0.88 Swiss
francs. It added that the overall impact of Covid-19 on sales
and results cannot be assessed accurately at this
time. urn:newsml:reuters.com:*:nFWN2CO1I0
* Adecco Group ADEN.S said it has raised 225 million Swiss
francs in a bond issue, due in November 2025. ADEN.S
* ABB ABBN.S said it has won $180 million in orders from
rail manufacturer Stadler to supply equipment for more than 160
trains in Europe and North America. ABBN.S
* Roche ROG.S outlined data releases for the ASCO20
Virtual Scientific Program for new drugs, including initial
information on its novel anti-TIGIT cancer immunotherapy, in
combination with Tecentriq. ROG.S
ANALYSTS' VIEWS
* ADECCO ADEN.S - Goldman Sachs raises to neutral from
sell
* LANDIS + GYR LANDI.S - JP Morgan cuts target price to 64
Swiss francs from 72 Swiss francs
EX-DIVIDEND
CREDIT SUISSE CSGN.S - 0.14 chf/shr dividend
ECONOMY
* Swiss jobless rate up at 3.3% in April urn:newsml:reuters.com:*:nS8N2CH014
* Swiss April forex reserves data due at 0700 GMT
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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