July 8, 2019 / 4:56 AM / 2 months ago

Swiss stocks - Factors to watch on July 8

ZURICH/BERLIN, July 8 (Reuters) - The Swiss blue-chip SMI was seen opening 0.3% lower at 9,953 points on Monday, according to premarket indications by bank Julius Baer

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

JULIUS BAER

Philipp Rickenbacher was named the new chief executive officer, the Swiss private bank said on Monday. He will take up his position from Sept. 1.

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SWISSCOM

Chairman Hansueli Loosli would welcome a strong competitor in the Swiss telecoms market, he told Swiss newspaper Finanz und Wirtschaft, as one of its rivals edges closer to a big merger.

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COMPANY STATEMENTS

* Edisun Power Europe has signed a contract for a 23MW photovoltaic project in Portugal.

* Baloise said a property fund was increasing capital by 200 million Swiss francs

* Wisekey said it was launching a share buyback

* Orascom Development sold a stake in the Oberoi Zahra boat

* Hochdorf examining strategic options, negotiating financing with credit partners

ANALYSTS’ VIEWS

* NESTLE SA: CREDIT SUISSE RAISES TARGET PRICE TO SFR 88 FROM SFR 84

* LINDT & SPRUENGLI: CREDIT SUISSE RAISES TARGET PRICE TO SFR 6200 FROM SFR 560

ECONOMY

* Swiss foreign exchange reserves due to be announced at around 0700 GMT.

Reporting by Zurich newsroom and Berlin Speed Desk

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