UBS Downgrades Porsche to Sell Amid Mixed European Market Trends

Porsche's rating has been downgraded to Sell by UBS on December 9, 2024. This decision comes amidst a mixed performance in European markets, despite China's announcement of new stimulus measures set for 2025, which are expected to benefit the luxury goods sector.

The CAC 40 index has shown resilience, standing out in Europe, while the New York Stock Exchange concluded the previous week positively, supported by the release of the monthly employment report.

Economic indicators from Japan are anticipated, with Q3 GDP guidance expected to show a modest increase of 0.2%, following a previous growth of 0.5%. China will also release its Q3 consumer and producer price indices, with a similar expectation of a 0.2% rise after a prior increase of 0.5%.

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