November 15, 2018 / 5:55 AM / a month ago

Swiss stocks - Factors to watch on Nov 15

ZURICH/BERLIN, Nov 15 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1 percent higher at 8,940 points on Thursday, according to premarket indications by bank Julius Baer .

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

UBS CREDIT SUISSE POSTFINANCE

Switzerland's competition watchdog WEKO said on Thursday it raided offices of Swiss financial companies including the country's two largest banks as it probes a suspected boycott of mobile payment solutions such as Apple Pay and Samsung Pay. Credit Suisse said it was surprised by the investigation.

AMS

The Austrian sensor specialist lowered its fourth-quarter revenue outlook by 15 percent on Thursday, pulled down by demand changes from a major customer, making it the latest Apple chip supplier that trimmed its outlook.

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NOVARTIS

The Swiss drugmaker is preparing to split off its Sandoz generics unit, Swiss newspaper Tages-Anzeiger reported on Thursday, citing an employee representative.

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UBS

The company has hired bankers for a new group courting pensions and wealth funds, Bloomberg reported.

Kweku Adoboli, a former UBS trader convicted for fraud over unauthorised trades that cost the Swiss bank $2.3 billion, was deported to Ghana despite a long campaign to keep him in Britain, the BBC reported.

COMPANY STATEMENTS

* Panalpina said it issued a 150 million Swiss franc ($149 million) bond, the proceeds of which it said would be used to "optimise the company's financing structure."

* Barry Callebaut said it had been upgraded to investment grade by Standard & Poor's.

* EFG International reported assets under management of 140.1 billion Swiss francs, with a lower return on assets.

ECONOMY

No Swiss economic data scheduled. ($1 = 1.0060 Swiss francs) (Reporting by Zurich newsroom and Berlin Speed Desk)

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