DAX 40 has achieved record gains for three consecutive days, while the FTSE 100 has reached a six-week high, nearing its October peak. In contrast, the CAC 40 is stabilizing despite ongoing political turmoil in France, showing signs of recovery after five days of mild gains.
IG
11:23 04.12.2024
Ghana's annual inflation rate surged to 23% in November, marking a six-month high just days before the country's elections. This increase is up from 22.1% in October, as reported by Government Statistician Samuel Kobina Annim in Accra.
Niger's military junta has taken operational control of the Somair uranium mine, owned 63.4% by French nuclear firm Orano SA. The company plans to defend its rights while remaining open to negotiations with the Niger government, which holds the remaining stake in the operation.
UBS is on trial in Paris for allegedly harassing whistleblowers, including former auditor Nicolas Forissier, who exposed the bank's efforts to assist wealthy French clients in tax evasion. Forissier and a marketing manager faced retaliation, including bonus cuts and dismissal. UBS's chairman denied wrongdoing, attributing the bank's issues to the 2007-2008 financial crisis, a claim Forissier refuted, stating the wealth management division remained profitable. A conviction could result in a fine of up to 75,000 euros and potential operational bans for UBS France.
11:10 04.12.2024
UBS is currently on trial in Paris, accused of harassing whistleblowers Nicolas Forissier and a former marketing manager who exposed the bank's efforts to assist wealthy French clients in tax evasion. Forissier, awarded the Chevalier de la Légion d'honneur, claims their bonuses were cut and the marketing manager was dismissed for refusing to destroy client data. UBS's chairman denied wrongdoing, attributing the bank's issues to the financial crisis, while Forissier argued that the problems stemmed from significant mistakes in the investment banking division. A conviction could result in a fine of up to 75,000 euros and potential sanctions against UBS France.
UBS is on trial in Paris for allegedly harassing whistleblowers, including former auditor Nicolas Forissier, who exposed the bank's efforts to assist wealthy French clients in tax evasion. Forissier and a marketing manager faced retaliation, including bonus cuts and dismissal. UBS's chairman denied wrongdoing, attributing the bank's issues to the 2007-2008 financial crisis, a claim Forissier refuted, stating the wealth management division remained profitable. A conviction could result in a fine and potential operational bans for UBS France.
UBS has maintained a 'Buy' rating for Visa, setting a target price of $350. Analyst Timothy Chiodo noted that the volume trends for the first two months of the current financial quarter align with the signals from the October interim report, following discussions with Visa's CFO at a UBS event.
11:05 04.12.2024
UBS has maintained its 'Buy' rating for SAP, setting a target price of 237 euros. Analyst Michael Briest expressed continued confidence in the company's growth prospects following discussions with the CFO at a recent UBS technology and AI event. As of the latest trading, SAP shares are showing a positive trend, with prices around €241.60, reflecting a gain of over 4%.
11:02 04.12.2024
UBS has maintained its 'buy' recommendation for Compass Group, increasing its target price from 2,475 pence to 3,090 pence, indicating a 15% upside potential. The broker anticipates long-term margins could reach 8%, surpassing pre-Covid levels of 7.5%.
11:00 04.12.2024
Toronto home sales rose for the fourth consecutive month, increasing by 1.9% in November as falling interest rates attracted buyers back to the market. The benchmark price for a home in the city also saw a 0.8% rise, reaching C$1.094 million ($777,940), marking the second straight monthly gain.
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