Swiss stocks - Factors to watch on August 17

V-ZUG Holding AG

17/08/2020 05:54

ZURICH/BERLIN, Aug 17 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
    
    CORONAVIRUS
    Japan was hit by its biggest economic contraction on record
in the second quarter as the coronavirus pandemic crushed
consumption and exports.  urn:newsml:reuters.com:*:nL4N2FG0TM
    China's vaccine specialist CanSino Biologics  6185.HK  has
won a patent approval from Beijing for its COVID-19 vaccine
candidate Ad5-nCOV, state media reported.  urn:newsml:reuters.com:*:nL1N2FJ025
    German biotechnology firm CureVac  CVAC.O  does not rule out
a speedy approval process for its prospective vaccine against
COVID-19, its chief executive was quoted as saying.  urn:newsml:reuters.com:*:nL8N2FI07O
    
    
    ROCHE  ROG.S 
    The U.S. FDA approved Roche's Enspryng for the central
nervous system disorder neuromyelitis optica, putting the
drugmaker head-to-head with Alexion's  ALXN.O  Soliris in a
costly treatment area.  urn:newsml:reuters.com:*:nL8N2FH097
    
      
    COMPANY STATEMENTS
    * Schweiter Technologies  SWTQ.S  reported an H1 net income
of 35 million Swiss francs on revenues of 560 million francs and
said it anticipates a good performance despite a volatile
business environment.  urn:newsml:reuters.com:*:nGNE9f0YFN
    * Metall Zug  METN.S  posted an operating loss (EBIT) of 1.7
million Swiss francs for the first half, pointing to the
coronavirus pandemic.  urn:newsml:reuters.com:*:nTENxslafa
    * V-Zug  VZUG.S , which was spun off Metall Zug this year,
said it was less affected by the pandemic than anticipated after
posting an operating profit of 12.9 million Swiss francs in H1.
 urn:newsml:reuters.com:*:nEQ2VGb1sa
    * Gurit  GUR.S  announced the appointment of ZF
Friedrichshafen's Mitja Schulz as CEO.  urn:newsml:reuters.com:*:nTEN2tdd8a
Additionally, the company reported H1 results and said it
expects to achieve net Sales between 550-600 million Swiss
francs in 2020 and an operating profit margin in the range of
9-11%.  urn:newsml:reuters.com:*:nTENfs7cma
    
    
    ECONOMY
    SNB sight deposits data due at 0800 GMT

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