March 12, 2020 / 5:25 AM / in 18 days

Swiss stocks - Factors to watch on March 12

ZURICH/BERLIN, March 12 (Reuters) - The Swiss blue-chip SMI was seen opening 4.3% lower at 8,758 points on Thursday, according to premarket indications by bank Julius Baer .

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

DUFRY

Swiss travel retail group Dufry is cutting jobs and guiding for a single-digit decrease in organic sales this year as the coronavirus pandemic that prompted U.S. President Donald Trump to ban air travel from Europe hits its business.

CORONAVIRUS

President Donald Trump said the United States will suspend all passenger travel from continental Europe on Friday to limit the spread of the coronavirus after the outbreak was formally declared a pandemic, sending global markets into a tailspin.

The European Central Bank is all but certain to unveil new stimulus measures, pushing policy closer to its limits to help the euro zone economy cope with the shock of the coronavirus epidemic.

NESTLE

The food group had mandated JPMorgan to handle the sale of its Chinese peanut drink business Yinlu, Bloomberg reported.

SWATCH

2019 annual report expected

PARGESA

The majority owner of Pargesa Holding plans to take over the entire Swiss financial company by offering 0.93 shares of GBL for each Pargesa share, it said.

COMPANY STATEMENTS

* Flughafen Zuerich said February passenger numbers at Zurich Airport declined by 1.2% year-on-year.

* Liechtensteinische Landesbank plans to boost its dividend to 2.20 francs per share

* Adecco Group said it nominated General Electric manager Rachel Duan for its board of directors.

* Cosmo Pharmaceuticals announced the resignation of Chief Scientific Officer Roberto Camerini. Ex-CSO Luigi Moro, who retired from the post only on Dec. 31, will replace him on an interim basis.

* Cicor Technologies said full-year net profit fell to 8.4 million francs

* Vifor Pharma said full-year net sales rose nearly 19% to 1.9 billion francs

* Zur Rose Group said it appointed David Maso as the head of Europe.

ANALYSTS’ VIEWS

SENSIRION - JP MORGAN CUTS PRICE TARGET TO CHF 40 FROM CHF 48

ECONOMY

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

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