ZURICH/BERLIN, April 25 (Reuters) - The Swiss blue-chip SMI was seen opening little changed at 9,657 points on Thursday, according to premarket indications by bank Julius Baer .
Here are some of the main factors that may affect Swiss stocks:
Switzerland's biggest bank posted a $1.14 billion net profit for the first quarter of 2019 as a pickup in market conditions dampened a hit to trading revenues and client activity.
The 27 percent drop in earnings still beat the median net profit estimate in an Infront Data poll for a 46 percent slide to $848 million. The bank's own consensus pointed to a $902 million bottom line.
Shares indicated up 1.6 percent.
The freight-forwarding group reported a 2.5 percent increase in its first-quarter core earnings, citing expansion in operating results for sea freight and overland divisions. Earnings before interest and tax (EBIT) rose to 242 million Swiss francs ($237.25 million) from 236 Swiss francs in the year-ago period, it said in a statement.
The Swiss National Bank reported a first-quarter profit of 30.7 billion Swiss francs ($30.10 billion), highlighting the volatility its massive balance sheet creates for the central bank's earnings.
Chairman Peter Loescher bought stock in the company in December and now holds nearly 20,000 shares worth around 2 million Swiss francs, Handelszeitung reported.
* Julius Baer Gruppe AG: launches wealth management joint venture with Siam Commercial Bank in Thailand
* Valora Holding AG: wins all kiosk and convenience outlets put out to tender by the SBB
* Panalpina Welttransport Holding AG: will acquire Colombian company Cargomaster S.A. and Laseair S.A. in Ecuador subject to conditions
* Tornos Holding has said it would buy back a 30 percent minority stake.
* Bucher Industries AG said net sales in the first quarter amounted to 824 million Swiss francs.
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*No major economic data scheduled.
$1 = 1.0205 Swiss francs Reporting by Zurich newsroom and Berlin Speed Desk