May 13, 2020 / 4:16 AM / 25 days ago

Swiss stocks - Factors to watch on May 13

ZURICH/BERLIN, May 13 (Reuters) - The Swiss blue-chip SMI was seen opening 1.2% lower at 9,616 points on Wednesday, according to premarket indications by bank Julius Baer.

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

ARYZTA

Swiss-Irish baked goods company Aryzta AG should make changes to help boost its share price, activist investors Veraison and Cobas Asset Management said on Wednesday, as they announced a tie-up that encompasses 17.3% of shares.

CORONAVIRUS

Austria aims to ease some border controls with Switzerland within days and to end all controls by June, Chancellor Sebastian Kurz told Swiss broadcaster SRF, as countries push ahead with loosening COVID-19 restrictions.

Stocks and oil prices fell as fears about a second wave of coronavirus infections gripped financial markets.

ALCON

The eyecare company posted a first-quarter loss, saying the coronavirus pandemic hurt business. It also said it could not provide an estimate for full-year results, but that customer demand would resume once the situation normalises, potentially by late 2020.

BANKING

Investments banks cut jobs at the fastest pace in six years during a first quarter in 2020 even though the coronavirus pandemic triggered a surge in volatility and boosted revenues to a five-year high, data published by research firm Coalition showed.

COMPANY STATEMENTS

* SoftwareONE announced that 17.5 million shares, representing about 11% of its share capital, were sold by a number of shareholders including heirs of co-founder Patrick Winter through an accelerated bookbuilding at an issue price of 20 francs.

* Medacta said it has received clearance from the U.S. FDA for its M-Vizion Femoral Revision System Extension for hip arthroplasty and its Long Humeral Diaphysis for shoulder joint replacement.

* Mobilezone said its German unit is consolidating indirect sales under a new brand called Mobilezone Handel

* Varia U.S. Properties said its first-quarter net operating income was up 25% to $7.6 million

ECONOMY

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

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