July 9, 2019 / 4:40 AM / 13 days ago

Swiss stocks - Factors to watch on July 9

ZURICH/BERLIN, July 9 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2 percent lower at 9,979 points on Tuesday, according to premarket indications by bank Julius Baer .

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

ABB

The Swiss engineering company will take a $430 million charge after quitting the solar inverter business and giving the business to Italy's FIMER SpA, the company said on Tuesday.

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COMPANY STATEMENTS

* UBS: The Swiss Federal Court will rule on July 26 in a case pitting the Swiss bank against the Swiss tax administration. The Swiss Federal Administrative Court ruled last year that UBS didn't have to turn over client data to France following a request from Paris for the identities of thousands of people suspected of dodging taxes.

* UBS: Matthew Grounds, the head of UBS in Australia, has decided to depart the Swiss bank at the end of the year after 25 years at the firm, a spokeswoman confirmed on Tuesday.

* Adecco Group said it completed its share capital reduction.

* Addex Therapeutics said an Addex-Led Consortium received a 4.85 Million euro Eurostars grant to develop a novel allosteric modulator to treat post-traumatic stress disorder (PTSD).

* Kuros Biosciences said it signed an agreement with Surgical Specialties on distribution of MagnetOs in Australia and New Zealand.

* Roche said a new analysis of data from its hemophilia A medicine Hemlibra supports its safety and efficacy, in patients with and without resistance to the disease

* VP Bank said Paul H. Arni had been named as new CEO.

ANALYSTS' VIEWS

* LAFARGEHOLCIM LTD LHN.S: KEPLER CHEUVREUX RAISES TO BUY FROM HOLD; RAISES PRICE TARGET TO CHF 53 FROM CHF 52

* Swiss Re AG: RBC cuts price target to Sfr 104

* Adecco Group AG: Goldman Sachs cuts to "sell" from "buy"

ECONOMY

* The Swiss unemployment rate fell to a non-seasonally adjusted 2.1% in June from 2.3% in the previous month, the State Secretariat for Economic Affairs said on Tuesday. When adjusted for seasonal factors, the unemployment rate stood at 2.3% after 2.4% in the previous month. (Reporting by Zurich Newsroom and Berlin Speed Desk)

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