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Swiss stocks - Factors to watch on May 12

05/12/2021 00:40
Swiss stocks - Factors to watch on May 12

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


ABB ABBN.S

Schaeffler AG SHA_p.DE and Timken Co. TKR.N are among suitors considering bids for the mechanical power transmission business being sold by ABB, people familiar with the matter told Bloomberg News. The business could fetch about $1.5 billion in a sale, they said. nL4N2MY4G3

ZURICH INSURANCE ZURN.S

First-quarter results due.


COMPANY STATEMENTS

METALL ZUG GROUP METN.S - The group said it expects higher net sales and significantly stronger operating profit of more than 10 million Swiss francs ($11.04 million) for the first half of 2021. nASN0016Q8


ANNUAL GENERAL MEETINGS

PARTNERS GROUP PGHN.S - 1.80 sfr/shr dividend proposed

ECONOMY

No major economic data scheduled.




($1 = 0.9056 Swiss francs)


(Reporting by Zurich newsroom and Berlin Speed Desk)

((+41 58 306 7336; [email protected]))

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