May 29, 2017 / 4:33 AM / 2 months ago

Swiss stocks - Factors to watch on May 29

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ZURICH, May 29 (Reuters) - The Swiss blue-chip SMI was seen opening 0.10 percent higher at 9,051 points on Monday, according to premarket indications by bank Julius Baer .

The following are some of the main factors expected to affect Swiss stocks:

Novartis

The Swiss drugmaker's Zykadia was approved by the U.S. Food and Drug Administration as an initial therapy for a certain type of lung cancer, a competitive market that Roche is also seeking to address with a medicine of its own.

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Sika

Chairman Paul Haelg told Schweiz am Wochenende the departure of CEO Jan Jenisch to LafargeHolcim will not change the board and director and management team's resistance to a takeover attempt by Saint Gobain.

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Company Statements

** Lifewatch said its board recommends an improved takeover offer from U.S.-based BioTelemetry.

Economy

* Swiss non-farm payrolls for Q1 due at 0715 GMT.

* The Swiss National Bank publishes weekly sights deposits data at 0800 GMT.

Reporting by Zurich newsroom

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