March 2, 2020 / 6:19 AM / a month ago

Swiss stocks - Factors to watch on March 2

ZURICH/BERLIN, March 2 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Monday:

CORONAVIRUS

The Swiss government will lower its economic growth forecast because of the coronavirus outbreak, an official from its State Secretariat for Economic Affairs said.

The coronavirus outbreak is fuelling investor demand for the Swiss franc, Swiss National Bank vice-chairman Fritz Zurbruegg said, with the impact on the country’s economy depending on how much the virus spread.

An employee of Alphabet’s Google, who had been in the Zurich office, has tested positive for coronavirus, the company said.

LAFARGEHOLCIM

The cement giant’s Chief Executive Jan Jenisch believes 50 euros per tonne would be a good price for carbon emissions in the European Union rather than the current 25, and wants his company to eventually change its name which is “far to long”, he told SonntagsZeitung.

SWISS NATIONAL BANK

2019 results due at 0625 GMT

COMPANY STATEMENTS

* Bobst reported a full-year net income of 53 million Swiss francs on revenues of 1.64 billion francs and proposed an unchanged dividend of 1.50 francs per share. bit.ly/2PEgxdP

* Energiedienst said its yearly profit for 2019 fell to 10 million euros and that it will keep its dividend stable at 0.75 francs

* Aryzta said Chris Pluess was named the COO APMEA starting in June. He’s now the regional managing director for Southern Europe.

* Emmi said 2019 sales rose by 1.1 % to 3.5 billion francs, though net profit slipped 5.3% on higher taxes.

* Conzzeta said it completed the sale of its Schmid Rhyner unit to Germany’s Altana

ECONOMY

* Swiss February manufacturing PMI due at 0830 GMT, seen at 48.1

* Fitch affirmed Switzerland’s rating at ‘AAA’, with a stable outlook, but said the spread of the coronavirus beyond China represented an additional risk on Switzerland.

Reporting by Zurich newsroom and Berlin Speed Desk

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