April 4, 2014 / 4:56 AM / in 4 years

Swiss stocks - Factors to watch on April 4

ZURICH, April 4 (Reuters) - Swiss stocks were expected to open higher on Friday, in line with European markets seen rising for a ninth consecutive session as traders bet on further support from U.S. jobs data due later in the day.

The Swiss blue-chip index was seen opening 0.2 percent higher, according to the SMI future. The shares of Zurich Insurance Group are trading ex-dividend.

The following are some of the main factors expected to affect Swiss stocks on Friday:


Britain’s health cost watchdog NICE on Friday reversed an earlier decision to limit the use of Roche’s Tarceva cancer pill on the state health service in a move the drugmaker said would help around 2,000 patients a year.

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A unit of UBS AG is objecting to a plan that would allow hundreds of investors who lost money in closed-end Puerto Rico bond funds to arbitrate their claims against the firm on the U.S. mainland, according to people familiar with the matter.

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* EFG International said it nominated Robert Chiu and Daniel Zuberbuehler for election to its board of directors at the upcoming AGM.

* Eastern Property Holdings said it expects to post a net loss of around $34 million for 2013 due to fair value adjustments on Scandinavia Land, loan impairments and foreign currency effects.

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