Swiss stocks - Factors to watch on November 9

Obseva SA

09/11/2020 05:45

ZURICH/BERLIN, Nov 9 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
    
    CORONAVIRUS
    U.S. President-elect Joe Biden will convene a coronavirus
task force to examine the No. 1 problem confronting him when he
takes office in January.  urn:newsml:reuters.com:*:nL1N2HV043
    The U.S. became the first nation worldwide since the
pandemic began to surpass 10 million coronavirus infections,
according to a Reuters tally, as the third wave of the COVID-19
virus surges across the nation.  urn:newsml:reuters.com:*:nL1N2HV05Z
    
    
    NESTLE  NESN.S 
    The company has agreed to acquire a majority stake in recipe
box delivery firm Mindful Chef as it boosts its food offerings
in the UK and Ireland, The Telegraph reported.  urn:newsml:reuters.com:*:nL4N2HS4QK
      
    
    COMPANY STATEMENTS
    * Novartis  NOVN.S  Chairman Joerg Reinhardt expects drug
prices to fall further in the U.S., he told NZZ am Sonntag in an
interview.  urn:newsml:reuters.com:*:nL1N2HU07X
    
    
    ANALYSTS' VIEWS
    GIVAUDAN  GIVN.S  - Jefferies initiates at underperform with
target price CHF 3300 
    RICHEMONT  CFR.S  - RBC raises target price to CHF 79 from
CHF 69
    ADECCO  ADEN.S  - Credit Suisse raises target price to CHF
45 from CHF 40
    DUFRY  DUFN.S  - Credit Suisse raises target price to CHF 35
from CHF 32
    OBSEVA  OBSN.S  - JP Morgan cuts to underweight from neutral
    
    
    ECONOMY
    * Swiss October 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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