November 1, 2018 / 5:41 AM / a year ago

Swiss stocks - Factors to watch on Nov. 1

ZURICH/BERLIN, Nov 1 (Reuters) - The Swiss blue-chip SMI was seen opening down 0.4 percent down at 8,990 points on Thursday, according to premarket indications by bank Julius Baer.

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


The bank posted a 74 percent year-on-year jump in third-quarter net profit as operating expenses fell faster than a 2 percent decline in net revenues.

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Chairman and prime shareholder Silvio Denz tells Finanz und Wirtschaft paper he could reduce his 72 percent stake to as low as 51 percent if needed to help foster a partnership or a capital increase linked to an acquisition.


AbbVie Inc and Roche Holding AG said on Wednesday their immunotherapy delayed the progression of a type of blood and bone marrow cancer when used in combination with the Swiss drugmaker’s cancer drug in a late-stage trial.


The telecoms company reported 9 month net income of 1.213 billion Swiss francs.

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The reinsuer returned to a net profit in the first nine months of the year from a loss a year earlier, despite a series of large claims from big natural catastrophes and man-made disasters.


The Swiss private bank said the amount of assets it advises for clients rose 19 percent year-on-year to 209.4 billion Swiss francs ($208 billion), helped by customers transferring funds following its acquisition of smaller rival Notenstein La Roche.

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Company statements:

* Aryzta recommends shareholders vote in favour of an underwritten 800 million euro capital raise at its AGM.

* ENR Russia Invest said on Wednesday net asset value per share at 30 September 2018 was SFR 18.08.

* Georg Fischer said its machining solutions business had won large orders for aero engine components.

* DKSH said it was selling its watch case maker Queloz. It also sold its healthcare business in China.

* Molecular Partners said its 9-month cash and short-term deposits decreased by 30.4 million francs to 110.8 million francs.

* Schweiter Technologies said it has agreed an alliance with Columbia Forest Products.


The Swiss consumer sentiment index improved to -6 points in the fourth quarter from -7 points in the third quarter, the State Secretariat for Economic Affairs said. *October CPI due at 0815 GMT. Seen at 0.2 m/m, 1.1 y/y. *October purchase manager index due at 0815 GMT. Seen down at 58.5 points, vs. 59.7 point the month before.

Reporting by Zurich newsroom and Berlin Speed Desk

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