Swiss stocks - Factors to watch on August 19
19/08/2019 05:56
ZURICH/BERLIN, Aug 19 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
NOVARTIS NOVN.S
An unnamed Novartis executive sold 925,400 Swiss francs
($946,000) worth of shares less than three weeks before the U.S.
Food and Drug Administration announced data from tests of its
gene therapy Zolgensma had been manipulated.
"The transaction was thoroughly checked beforehand and then
approved accordingly. The person in question was not in
possession of relevant material information," a Novartis
spokesman said. urn:newsml:reuters.com:*:nL5N25E0B9
FACEBOOK FB.O
A delegation from the U.S. House of Representatives'
Committee on Financial Services will visit Switzerland this week
to discuss cryptocurrencies, including Facebook's Swiss-based
Libra project, newspaper NZZ am Sonntag reported. urn:newsml:reuters.com:*:nL5N25E08D
COMPANY STATEMENTS E-CH
* Metal Zug AG METN.S said it swung to a 5.9 million franc
loss in the first half, from a 22 million franc profit, as the
company was hurt by ground remediation work at its Zug site,
costs and lost income resulting from the SAP roll-out at V-ZUG,
and weaker markets, particularly in the automotive sector.
METN.S
* Orior Group ORON.S generated revenues of 279.6 million
francs in the first half of 2019, which corresponds to an
increase of 2.2% from the prior-year period. ORON.S
ECONOMY M-CH
No major economic data due.
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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