Swiss stocks - Factors to watch on September 24

St Galler Kantonalbank AG

24/09/2019 05:57

ZURICH/BERLIN, Sept 24 (Reuters) - The Swiss blue-chip SMI
 .SSMI  was seen opening 0.24% higher at 10,021 points on
Tuesday, according to premarket indications by bank Julius Baer
 JBPRE01 .
    Here are some of the main factors that may affect Swiss
stocks:
    
    UBS  UBSG.S  
    Switzerland's UBS Group AG and state-controlled Banco do
Brasil SA  BBAS3.SA  signed a preliminary agreement on Monday to
create a joint venture in investment banking in South America,
the Brazilian bank said in a securities filing.
    For more, click on  urn:newsml:reuters.com:*:nL2N26E1UM
    
      
    COMPANY STATEMENTS  E-CH 
    * Addex Therapeutics Ltd  ADXN.S  said it submitted a draft
registration statement to the United States Securities and
Exchange Commission (SEC) in connection with a proposed listing
of American Depositary Shares (ADSs) representing the company's
shares on the Nasdaq Stock Market (Nasdaq).  ADXN.S 
    * EFG International  EFGN.S  said it appointed Bernardo
Meyrelles as new country head Portugal, where it formally
started operations on Sept. 1.  EFGN.S 
    * Lastminute.com  LMN.S  said less than 0.3% of its total
estimated bookings for the year were affected by the Thomas Cook
bankruptcy so it didn't have to review its guidance for 2019.
 LMN.S  
    * Novartis  NOVN.S  said its Sandoz unit issued a voluntary
recall of ranitidine hydrochloride capsules.  NOVN.S 
    * Orascom Development  ODHN.S  said it only expected a
minimal impact from Thomas Cook's bankruptcy on it operations.
 ODHN.S 
    * SGS  SGSN.S  said it acquired a majority stake in Argus
International, Inc., USA. Argus provides data-driven inspection,
audit, safety and compliance solutions to the global aviation
market and generated revenues of approximately $10 million last
year.  SGSN.S  
    * St.Galler Kantonalbank  SGKN.S  said it appointed Rene
Walser the new head of retail and commercial clients and member
of the management board as of July 1, 2020.  SGKN.S       

    ECONOMY  M-CH 
    No major economic data scheduled.

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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