June 25, 2020 / 4:28 AM / 9 days ago

Swiss stocks - Factors to watch on June 25

ZURICH/BERLIN, June 25 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1% higher at 10,031 points on Thursday, according to premarket indications by bank Julius Baer .

Here are some of the main factors that may affect Swiss stocks:

CORONAVIRUS

Asia’s stock markets slipped, bonds rose and the U.S. dollar was firm as surging U.S. coronavirus cases, global trade tensions and an International Monetary Fund downgrade to economic projections knocked confidence in a recovery.

An influential foundation focused on preparation and response to epidemics that is backing nine potential coronavirus vaccines has identified manufacturers with capacity to produce four billion doses a year, the group’s top manufacturing expert told Reuters.

The world faces a shortage of oxygen concentrators as the number of worldwide cases of coronavirus infection nears the 10 million mark, the WHO head said.

WATCHMAKERS

The Swiss watch industry is facing the worst crisis in its history, with the coronavirus pandemic expected to reduce sales by up to 30% this year, Ricardo Guadalupe, the head of LVMH Moet Hennessy Louis Vuitton brand Hublot said.

COMPANY STATEMENTS

* MCH Group says shareholder Basel-City supports its planned capital increase

* Basilea said it successfully placed 125 million Swiss francs in senior convertible bonds.

* Bobst said it expects a loss in the first half year due to the impact of the coronavirus pandemic.

* Lastminute.com says it is registering significant rebound

* Swiss Estates completes its capital increase.

ANALYSTS’ VIEWS

FLUGHAFEN ZUERICH - Barclays cuts target price to chf 147 from chf 155

KUEHNE UND NAGEL INTERNATIONAL: Morgan Stanley Cuts Target Price To Chf 142 From Chf 145

SUNRISE COMMUNICATIONS GROUP: Goldman Sachs Raises Target Price To Chf 111 From Chf 80

SWISSCOM AG: Goldman Sachs Raises Target Price To Chf 428 From Chf 370

JULIUS BAER GRUPPE: Deutsche Bank raises target price to chf 44 from chf 36

CREDIT SUISSE GROUP AG: Deutsche Bank raises target price to chf 11 from chf 10

ECONOMY

No major Swiss economic data scheduled (Reporting by Zurich newsroom and Berlin Speed Desk)

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