June 5, 2019 / 4:31 AM / 19 days ago

Swiss stocks - Factors to watch on June 5

ZURICH/BERLIN, June 5 (Reuters) - The Swiss blue-chip SMI was seen opening 0.6 percent higher at 9,651 points on Wednesday, according to premarket indications by bank Julius Baer.

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

UBS

JPMorgan has poached UBS banker David Xu as head of its China equities business, according to an internal memo seen by Reuters.

BANKING

German fintech group N26 plans to expand into the Swiss market this year, the Neue Zuercher Zeitung reports, citing the head of the group’s Germany, Austria and Switzerland business

COMPANY STATEMENTS

* Novartis announced that first-line treatment with Tafinlar and Mekinist offers long-term survival benefits to patients with certain melanoma.

* Dufry AG: acquires Regstaer Vnukovo in Russia; completion of transaction expected for Q3

* Burkhalter said it acquired Wisler Elektro AG that employs 22 people and generates annual sales of around 3 million francs.

* Aevis Victoria SA: repays CHF 145 million bond issued on 4 June 2014

ECONOMY

No major Swiss economic data scheduled (Reporting by Zurich newsroom and Berlin Speed Desk)

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