October 18, 2017 / 5:14 AM / in a year

Swiss stocks - Factors to watch on Oct 18

ZURICH, Oct 18 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1 percent higher at 0.1 points on Wednesday, according to premarket indications by bank Julius Baer .

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


The Swiss bank asked staff whether they would prefer to relocate to Amsterdam, Madrid or Frankfurt after Britain leaves the European Union in a survey sent to its investment bankers on Tuesday, according to sources familiar with the matter.

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The bank's largest shareholder wants the lender's management to consider parts of the break-up plan proposed by an activist investor, including shifting the group's investment banking unit to the United States from Switzerland, the Financial Times reported on Wednesday.

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* Novartis said a long term study of ‍its Revolade drug showed good results in treating chronic and persistent immune thrombocytopenia (ITP) - a condition where patients blood does not clot normally.

* Valora said it will ask its shareholders to approve an ordinary capital increase of around 160 million Swiss francs ($163.57 million) for the refinancing of its BackWerk acquisition, as well as to finance production capacity and for general corporate purposes.

* Conzzeta said ‍production had resumed at its FoamPartner division after the completion of extensive chemical analysis. [CONC.S>]

$1 = 0.9782 Swiss francs Reporting by Zurich newsroom

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