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Swiss stocks - Factors to watch on May 28
May 28, 2015 / 4:42 AM / 3 years ago

Swiss stocks - Factors to watch on May 28

ZURICH, May 28 (Reuters) - The Swiss blue-chip SMI index was seen opening 0.1 percent lower at 9,389 points on Thursday, according to pre-market indications by bank Julius Baer JBPRE01.

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

ROCHE

Roche and Galenica said they have reached an exclusive license agreement to sell the Basel-based drugmaker’s Mircera, a treatment for symptomatic anaemia associated with chronic kidney disease, in the United States and Puerto Rico.

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BASLER KANTONALBANK

Swiss regional bank Basler Kantonalbank said on Thursday it will pay 38.6 million euros ($42.1 million) to settle a probe by German officials over undeclared assets in hidden offshore accounts in Switzerland.

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COMPANY STATEMENTS

* Schlatter Industries said it expects net proceeds of approximately 14.3 million Swiss francs from capital increase.

ECONOMY

Exports from Switzerland fell by a real 1.3 percent in April to 16.294 billion Swiss francs ($17.18 billion), the Federal Customs Office said on Thursday.

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Swiss first-quarter industrial orders due at 0715 GMT

Reporting by Zurich newsroom

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