January 16, 2020 / 5:44 AM / a month ago

Swiss stocks - Factors to watch on January 16

BERLIN/ZURICH, Jan 16 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1% higher at 10,678 points on Thursday, according to premarket indications by bank Julius Baer .

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

Credit Suisse

The bank still has questions to answer about its surveillance activities which came to light last year, the head of Switzerland's financial watchdog said.

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The company reported a 1.9% increase in organic sales during its fourth quarter, helped by strong demand in eastern Europe and Italy.

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* Inficon Holding sees 2019 sales falling to $382 mln after postponing deliveries


* JULIUS BAER GRUPPE AG: Jefferies starts with buy rating; price target of chf 66

* PSP SWISS PROPERTY AG: JP Morgan cuts to underweight from neutral


No major economic data scheduled.

Reporting by Zurich newsroom and Berlin Speed Desk

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