Swiss stocks - Factors to watch on Aug 6

Orascom Development Holding AG

06/08/2020 05:44

ZURICH/BERLIN, Aug 6 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Thursday:
    
    CORONAVIRUS
    In the U.S., top congressional Democrats and White House
officials appeared to harden their stances on new coronavirus
relief legislation, as negotiations headed toward an end-of-week
deadline with no sign of an agreement.  urn:newsml:reuters.com:*:nL1N2F71J2
    The dollar languished and just about everything else rose,
as markets took patchy U.S. economic data as a harbinger of ever
more stimulus and brinkmanship on Capitol Hill as a sign that a
deal on a new U.S. stimulus package is close.  urn:newsml:reuters.com:*:nL4N2F80PF
      
    
    COMPANY STATEMENTS
    * Novartis  NOVN.S  said there were positive results from
studies evaluating ofatumumab (OMB157) injections versus
teriflunomide tablets in adults with relapsing forms of multiple
sclerosis.  urn:newsml:reuters.com:*:nGNEcb427g
    * Orascom Development  ODHN.S  announced it is selling a
land plot in Egypt's El Gouna for 6.4 million Swiss francs.
 urn:newsml:reuters.com:*:nEQbZdtBya
    * Relief Therapeutics  RLFB.S  announced that NeuroRx has
been granted Investigational New Drug permission to test RLF-100
(aviptadil) for inhaled use in patients with moderate and severe
COVID-19 in order to prevent progression to respiratory failure.
 urn:newsml:reuters.com:*:nPreMLNlba
    
    
    ANALYSTS' VIEWS
    DUFRY  DUFN.S  - Credit Suisse cuts target price to chf
27.50 from chf 29
    
    
    ECONOMY
    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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