Swiss stocks - Factors to watch on July 16
16/07/2020 05:46
ZURICH/BERLIN, July 16 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Thursday:
CORONAVIRUS
More than 75 countries have expressed interest in joining
the COVAX financing scheme designed to guarantee fast and
equitable access globally to COVID-19 vaccines, the GAVI
vaccines alliance said on Wednesday. urn:newsml:reuters.com:*:nL5N2EM51E
UBS UBSG.S
The bank will no longer be informed or be able to contest
customer data the Swiss tax authorities hand over to
counterparties in France investigating alleged tax avoidance, a
Swiss court said on Wednesday. urn:newsml:reuters.com:*:nL5N2EM65A
SWISS RE SRENH.S
Switzerland's insurance industry is against tightening the
country's immigration rules, a move that will be put to voters
this year, Swiss Re Chief Executive Christian Mumenthaler told
Handelszeitung newspaper. [nL5N2EM5KV}
RICHEMONT CFR.S
First quarter results due.
SONOVA SOON.S
The company's chief executive said sales at the world's
largest maker of hearing aids could return near to levels before
the coronavirus crisis by mid-2021, although visibility remains
very low as the infection still spreads. urn:newsml:reuters.com:*:nL5N2EM5G0
COMPANY ANNOUNCEMENTS
* Temenos TEMN.S said its Q2 operating profit fell to
$56.5 million.
* Transocean RIGN.S said its total backlog is about $8.9
billion as of July 15.
* Rieter Holding AG RIEN.S said its first-half order
intake of CHF 250.7 million was down 34% on the previous year.
ANALYSTS' VIEWS
* TEMENOS AG TEMN.S : CREDIT SUISSE RAISES TARGET PRICE TO
CHF 155 FROM CHF 130
* SIKA AG SIKA.S : BARCLAYS INITIATES WITH OVERWEIGHT, CHF
225 PRICE TARGET
ECONOMY
No major economic data scheduled.
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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