UBS has upgraded Banco BPM from "Neutral" to "Buy," raising the target price from 6.80 euros. The bank, a key player in Italy's consolidation efforts, is expected to maintain positive performance, with resistance levels at 7.371 and 7.431, and support at 7.311.
12:08 05.12.2024
NVIDIA Corporation is at the forefront of technological innovation, particularly in AI and quantum computing, driving advancements across various sectors including healthcare, autonomous vehicles, and smart cities. The company's strategic focus on integrating AI with quantum computing positions it for significant growth, appealing to investors seeking long-term opportunities in emerging technologies. With a commitment to sustainability and energy-efficient solutions, NVIDIA is poised to redefine the technological landscape.
Raiffeisen Switzerland forecasts a slight economic growth improvement for 2024 and 2025, with GDP expected to rise by 1.1% and 1.3%, respectively. However, uncertainties from U.S. trade policy and political instability in Germany and France may hinder Switzerland's economic potential. Interest rates are anticipated to decline further, with a possible drop to 0.75%, while the real estate market may see renewed interest from institutional investors despite not returning to pre-2020 boom levels.
12:01 05.12.2024
Raiffeisen economists project a slight economic recovery for Switzerland in 2025, with GDP growth expected at 1.3%, up from 1.1% this year. However, uncertainties from US trade policy and political instability in Germany and France pose risks, while the chemicals and pharmaceuticals sector shows resilience. Interest rates are anticipated to fall further, potentially approaching zero, impacting financing and the real estate market.
Raiffeisen Switzerland forecasts a slight economic growth of 1.1% for 2024 and 1.3% for 2025, despite uncertainties from U.S. trade policies and political instability in Germany and France impacting demand. The Swiss National Bank is expected to lower interest rates further, with a potential approach to zero or negative rates by 2026.
Raiffeisen economists project a slight economic recovery for Switzerland in 2025, with GDP growth expected at 1.3%, up from 1.1% this year. However, uncertainties from US trade policy and political instability in Germany and France pose risks, while inflation is anticipated to drop to 0.5%. Interest rates may continue to decline, potentially approaching zero, impacting financing and the real estate market.
12:01 05.12.2024
OPEC+ has reached an agreement in principle to delay a planned oil production increase set for January, with discussions focusing on a potential three-month postponement. The group, led by Saudi Arabia and Russia, aims to stabilize prices amid low demand and high supply, particularly from the Americas. Brent crude prices have fallen approximately 18% since early July, currently trading near $73 a barrel.
A winter weather puzzle is set to impact energy and food prices significantly in the coming months, with commodities like natural gas and wheat facing potential surges amid geopolitical tensions. Meteorologists initially anticipated a strong La Niña pattern this winter, but its weak arrival has created uncertainty for the northern hemisphere's weather outlook.
The number of billionaires in mainland China dropped to 427 in 2024, down from 520, as 132 individuals fell off the list despite 42 new additions. The total wealth of these billionaires decreased by 20% to approximately $1.4 trillion, reflecting the impact of market corrections in a slowing economy. Challenges such as a troubled property market and reduced consumer spending have contributed to this decline.
12:00 05.12.2024
The Franke Group has acquired 100% of Nokite EcoSmart Water Heating Systems, a Chinese manufacturer of stainless steel kitchen faucets, to enhance its Home Solutions division. Known for its high manufacturing quality, Nokite's expertise aligns with Franke's focus on the growing water treatment market. The acquisition is expected to drive growth in the stainless steel fittings segment amid regulatory trends favoring lead elimination.
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