Swiss stocks - Factors to watch on July 1

SHL Telemedicine

01/07/2020 05:41

ZURICH/BERLIN, July 1 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Wednesday:
    
    CORONAVIRUS
    Asian stocks struggled for headway as the second half of the
year got underway, with improving economic data offset by
worries that surging coronavirus cases in the United States
could derail the world's recovery before it properly begins.
 urn:newsml:reuters.com:*:nL4N2E80VP
    New U.S. COVID-19 cases rose by more than 47,000, according
to a Reuters tally, the biggest one-day spike since the start of
the pandemic as the government's top infectious disease expert
warned that number could soon double.  urn:newsml:reuters.com:*:nL1N2E71GY
    The toll from COVID-19 could rise to 438,000 deaths in Latin
America by October if prevention measures are not kept up, a WHO
official warned.  urn:newsml:reuters.com:*:nL1N2E71JA
    
    
    BANKING
    Switzerland and Britain have signed a joint statement
pledging to deepen their cooperation in the area of financial
services like cross-border trading in shares, their finance
ministers said.  urn:newsml:reuters.com:*:nL8N2E76ST
    
    UBS  UBSG.S 
    The lender, long the dominant bank in Australian equities
markets, has closed the first half year outside the top three
for the first time in 15 years, even as a rush of
coronavirus-related share sales have generated bumper investment
banking fees.  urn:newsml:reuters.com:*:nL4N2E62OK
    
      
    COMPANY STATEMENTS
    * Implenia  IMPN.S  said it won orders worth almost 200
million Swiss francs.  urn:newsml:reuters.com:*:nTEN4q9q3a
    * SHL Telemedicine  SHLTN.S  said shareholders approved Erez
Nachtomy's terms of office as an acting CEO of the company at a
special general meeting.  urn:newsml:reuters.com:*:nTENdtaika
    * Metall Zug  METN.S  said its Schleuniger unit signed an
agreement to acquire U.S. company Cirris Systems, which has 75
employees and generated sales of $13.5 million in 2019.
 urn:newsml:reuters.com:*:nTENyitcna
    * Medacta  MOVE.S  announced the first surgeries in the U.S.
and Europe with its Quadra-P Collared and Quadra-P Cemented
femoral stems.  urn:newsml:reuters.com:*:nEQW0xFSa
    
    
    ANALYSTS' VIEWS
    SWATCH  UHR.S  - Citigroup cuts price target to chf 192 from
chf 210
    
    
    ECONOMY
    Swiss June manufacturing PMI due at 0730 GMT, seen at 48.3

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