March 3, 2020 / 5:54 AM / 25 days ago

Swiss stocks - Factors to watch on March 3

ZURICH/BERLIN, March 3 (Reuters) - The Swiss blue-chip SMI was seen opening 0.4% higher at 9,993 points on Tuesday, according to premarket indications from bank Julius Baer .

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


Swiss Re said it will nominate UBS Group Chief Executive Sergio Ermotti to be its next chairman, the Swiss reinsurer said on Tuesday.


Novartis unit Sandoz has agreed to pay $195 million to reach a deferred prosecution agreement aimed at resolving antitrust charges, the U.S. Justice Department said on Monday.


Switzerland's Lindt & Spruengli proposed a sweeter payout to shareholders increasing its dividend by 75% to mark its 175th anniversary, the chocolate maker said on Tuesday.

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Logitech International said supply problems caused by the coronavirus outbreak will dent its full year profit, as it gave its outlook for the next financial year.

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* Forbo said 2019 group profit rose by 0.5% to 138.3 million Swiss francs ($144.35 million).

* Julius Baer said it nominated Kathryn Shih and Christian Meissner for election to its board of directors.

* Oerlikon posted a full-year group net loss of 66 million Swiss francs

* Roche said the U.S. Food and Drug Administration (FDA) granted Breakthrough Therapy Designation (BTD) to Esbriet (pirfenidone) for adults with unclassifiable interstitial lung disease (uILD).

ANALYSTS' VIEWS * Jefferies initiates ABB with underperform rating and price target of 18.50 Swiss francs


The Swiss economy slowed to a 0.3% growth rate in the fourth quarter of 2019, the government said on Tuesday, as exports fell and industry struggled. ($1 = 0.9581 Swiss francs) (Reporting by Zurich newsroom and Berlin Speed Desk)

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