ZURICH/BERLIN, Oct 31(Reuters) - The Swiss blue-chip SMI was seen opening 0.7 percent higher at 8,920 points on Wednesday, according to premarket indications by bank Julius Baer.
Here are some of the main factors that may affect Swiss stocks on today:
The Swiss speciality chemicals maker, whose top shareholder is Saudi Arabia’s Saudi Basic Industries (SABIC), reported slowing third-quarter sales growth as Chinese demand softened and as it saw a decline in the Middle East and Africa.
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Switzerland’s central bank reported a 12.94 billion Swiss franc ($12.88 billion) loss in its third quarter as the Swiss franc’s recent rise, triggered by trade war fears and concern over Italy, cut the value of its foreign currency holdings.
The bank is looking into asset management deals in quest for scale, a media report said on Tuesday.
* Bellevue Group said CFO Daniel Koller is leaving the company at the end of February 2019 to pursue a new entrepreneurial challenge. He will be replaced by Michael Hutter, CFO of Bellevue Asset Management in an interim role.
* Standard & Poors confirmed the “AA/Stable” credit rating for Graubuendner Kantonalbank, citing its strong capitalisation, stable profitability, high market share and state guarantee.
* DKSH said it had received a medical device license in Indonesia.
* Wisekey said it and Digicert executed a letter of intent regarding the sale and purchase of the Quovadis SSL and PKI business.
Swiss investor sentiment for October due at 0900 GMT.
Chairman Thomas Jordan due to hold a speech on protectionism and monetary policy at 1715 GMT.
Reporting by Zurich newsroom and Berlin Speed Desk