ZURICH/BERLIN, Oct 16 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1 percent higher at 8,661 points on Tuesday, according to premarket indications by bank Julius Baer .
Here are some of the main factors that may affect Swiss stocks:
Extraordinary general meeting due to seek shareholders’ permission to add SABIC board members.
Investor and analyst day.
Swisscom is considering options for its Fastweb SpA unit, including a sale or partnership, that would increase the Italian business’s market share in mobile services, Bloomberg reported, citing people familiar with the matter. Swisscom declined comment.
* Novartis AG: 5-year data in psoriatic arthritis and ankylosing spondylitis reinforces Cosentyx leadership in spondyloarthritis
* Gurit announces closing of the acquisition of all shares in JSB Group for an equity value of DKK 520 million, as reported on Oct 1.
* Meyer Burger to cut around 100 jobs amid programme to reposition its standard PV business solutions to Asia, mainly China.
* Conzzeta AG: confirms expectations for 2018; revenue growth of 29.3% in first nine months; 9-month order intake for capital goods rose by 9.7%
* Wisekey International Holding AG: preliminary nine months 2018 revenue of approximately $37.6 million (unaudited), up 12% from same period of 2017
BASILEA PHARMACEUTICALS - Helvea Baader Bank raises to “hold” from “sell”, raises target price to 55 Sfr from 50 Sfr
CEVA LOGISTICS AG - HSBC raises target price to Sfr 30.7 from 30.6; rating “buy”
CEVA LOGISTICS AG - Credit Suisse raises target price to Sfr 27.75 from Sfr 22.43
TRANSOCEAN LTD - Jefferies raises target price to $16; rating “buy”
ADECCO GROUP AG - Barclays cuts target price to Sfr 61 from Sfr 80
ADECCO GROUP AG - Credit Suisse cuts target price to Sfr 50 from Sfr 60
No economic data due.
Switzerland kept their Nations League semi-final hopes alive and sent Iceland down into the second tier with a 2-1 win in rainy Reykjavik in their League A Group Two match on Monday. Haris Seferovic and Michael Lang scored the Swiss goals in the second half while debutant goalkeeper Yvon Mvogo made three key saves for the visitors. (Reporting by Zurich newsroom and Berlin Speed Desk)