September 10, 2018 / 4:47 AM / 6 months ago

Swiss stocks - Factors to watch on Sept 10

ZURICH/BERLIN, Sept 10 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2 percent higher at 8,862 points on Monday, according to premarket indications by bank Julius Baer .

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


Saudi Basic Industries Corp won approvals to complete its purchase of 24.99 percent of the Swiss speciality chemicals maker, Clariant said on Monday, clearing the way for the two companies to intensify their cooperation.

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The foodmaker eyes Europe foray for Blue Bottle Coffee, according to the Financial Times.

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The maker of Cartier on Monday named group veteran Jerome Lambert as chief executive officer to help the world's second biggest luxury goods group master adjust to changing consumer habits and put its watch brands back on track. The shares were seen rising in premarket indicators.

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* Credit Suisse: Barclays raises rating to "equal weight," from underweight

* Roche: BankofAmerica Merrill Lynch downgrades to "neutral"

* Novartis: BankofAmerica Merrill Lynch upgrades to "buy" from underperform


* Swiss Re said the market environment remains challenging but that it sees some growth opportunities [SRENH.S}

* Sika said the cancellation of Sika registered shares purchased from the Shenker-Winkler Holding AG was completed on Friday.

* Glarner Kantonalbank said a damages claim against former executives has been sent back to cantonal court

* Orascom said a new tour operator deal will boost tourist trips to Taba Heights in Egypt

* CEVA Logistics said it has signed a new, five-year deal with Australia's Western Power


Swiss National Bank releases latest sight deposits at 0800 GMT

Reporting by Zurich newsroom and Berlin Speed Desk

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