September 14, 2017 / 4:48 AM / 12 days ago

Swiss stocks - Factors to watch on Sept 14

ZURICH, Sept 14 (Reuters) - The Swiss blue-chip SMI was seen opening 0.4 percent down at 9,046 points on Thursday, according to premarket indications by bank Julius Baer .

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

SWISS LIFE

Switzerland’s biggest life insurer has been contacted by the U.S. Department of Justice regarding its cross-border business with American clients, the company said on Thursday. The shares were indicated 1 percent lower.

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ADECCO

The Swiss staffing company said on Thursday it was buying U.S. life sciences career manager Biobridges to expand its higher-margin professional staffing business.

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SONOVA

Shareholder Beda Diethelm, with a stake exceeding 10 percent, is pushing the hearing aid maker’s new chief executive, Arnd Kaldowski, to expand the Swiss company’s U.S. presence, according to an article in newspaper Handelszeitung.

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COMPANY STATEMENTS

* Novartis said its proposed biosimilar adalimumab matches the reference biologic Humira, one of the world’s best-selling medicines, in terms of efficacy and safety in a long-term study.

* Newron said its first-half net result swung to a profit of 1.5 million euros ($1.78 million), from a loss of 8.8 million euros in the year-earlier period.

* BFW Liegenschaften said that first-half net rental income rose to 10.5 million Swiss francs, from 9.9 million francs.

* Myriad Group AG said it has received notification from its major shareholders, Martin and Rosmarie Ebner, that their beneficial holding in the company has decreased to 46.03 percent.

* Flughafen Zuerich said 2.9 million passengers were handled at Zurich Airport in August, up 4.9 percent on the previous year.

* Kudelski said the DFL Deutsche Fußball Liga GmbH has selected its company, NAGRA, as a partner in its fight against illegal content sharing of live Bundesliga and Bundesliga 2 matches over the internet via IPTV.

ECONOMY

The Swiss National Bank delivers its quarterly monetary policy assesment at 0730 GMT. The SNB is expected to maintain their ultra-loose monetary policy at their September meeting. ($1 = 0.8423 euros) (Reporting by Zurich newsroom)

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