June 25, 2019 / 5:11 AM / 3 months ago

Swiss stocks - Factors to watch on June 25

ZURICH/BERLIN, June 25 (Reuters) - The Swiss blue-chip SMI was seen opening 0.3 percent lower at 9,870 points on Tuesday, according to premarket indications by bank Julius Baer .

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

CREDIT SUISSE

The Swiss bank said on Tuesday it has combined its open-architecture business-to-business investment fund platform - Credit Suisse InvestLab - with Spain-based funds solutions provider Allfunds Group.

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NOVARTIS

Conatus Pharmaceuticals, with whom the Swiss drugmaker has partnered with to develop treatments for fatty liver disease, said on Monday that its top prospect failed in a mid-stage trial, throwing the future of the project into question. Novartis said it remains committed to developing treatments for the disease.

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COMPANY STATEMENTS

* Rieter Holding said it received a large contract in Egypt.

* EFG International said it would open a business presence in Portugal.

* Zurich Insurance pledged to use 100 percent renewable energy by 2022 (Reporting by Zurich newsroom and Berlin Speed Desk)

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