Swiss stocks - Factors to watch on July 29

One Swiss Bank SA

29/07/2020 05:45

ZURICH/BERLIN, July 29 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Wednesday:
    
    CORONAVIRUS
    Republicans in the White House and the U.S. Congress were in
disarray over their own plan for providing $1 trillion in new
coronavirus aid, as negotiations aimed at reaching a compromise
bill with Democrats also sputtered.  urn:newsml:reuters.com:*:nL2N2EZ0K1
    A half-dozen U.S. states in the South and West reported
one-day records for coronavirus deaths and cases in Texas passed
the 400,000 mark as California health officials said Latinos
made up more than half its cases.  urn:newsml:reuters.com:*:nL2N2EZ1CP
    
    
    NESTLE  NESN.S 
    Nestle Purina will expand its operations in the U.S state 
Pennsylvania, hiring 94 additional employees and adding new
processing and packaging lines to its Mechanicsburg pet food
site. Purina will invest more than $167 million into the project
within the next three years.  urn:newsml:reuters.com:*:nNDL2cPzmt
    
    CREDIT SUISSE  CSGN.S 
    The lender is set to announce a sweeping overhaul of its
business as CEO Thomas Gottstein seeks to tighten controls and
boost the performance of the investment bank, Bloomberg
reported.  urn:newsml:reuters.com:*:nL3N2EZ49A
      
    
    COMPANY STATEMENTS
    * Banque Profil de Gestion's  BPDG.S  first-half net loss
widened to around 730,000 Swiss francs as assets under
management fell by nearly 200 million francs during the half,
mainly due to the market decline, it said https://www.bpdg.ch/fr/relations-investisseurs#communiques-de-presse.
    * Basilea  BSLN.S  announced it completed a transaction
involving a partial repurchase of a bond and the issuance of a
new bond.  urn:newsml:reuters.com:*:nGNE6hCHT1
    * Achiko  ACHIN.S  appointed board member Steven Goh as CEO.
 urn:newsml:reuters.com:*:nFWN2EZ18V
    
    
    ECONOMY
    Swiss July investor sentiment due at 0800 GMT
    

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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