Reinhard Wolf, the long-standing CEO of RWA Raiffeisen Ware Austria, will depart on November 30, 2024, to focus on his role at BayWa. Johannes Schuster, who has been CEO since January 2024, will succeed him, supported by Christoph Metzker. Wolf's tenure included significant expansions and innovations in agriculture and energy, as well as the establishment of a new headquarters in Korneuburg.
Johannes Schuster will succeed Reinhard Wolf as Chairman of the Management Board of RWA Raiffeisen Ware Austria on December 1, 2024, following Wolf's departure to focus on his role at BayWa. Schuster, who has been CEO since January 2024, will lead alongside Christoph Metzker, ensuring a competent management team is in place for RWA's future success. Wolf, who has been pivotal in RWA's growth and innovation, will remain available to BayWa until a new management team is appointed.
Inyova has secured Abendrot pension fund as a minority shareholder, aiming to enhance its growth and profitability in sustainable investments. This partnership, pending approval from FINMA, comes as Inyova faces significant losses, reporting a negative annual result of 2.62 million Swiss francs. The collaboration will focus on developing new pension solutions and expanding corporate client services, positioning Inyova for a more stable future.
France's reputation as a safe bond market is deteriorating, as countries like Ireland, Portugal, Spain, and Greece now outperform it. Amid a prolonged political crisis in Paris, concerns are rising that France may soon face higher borrowing costs than Italy, traditionally seen as fiscally irresponsible.
An investment of CHF 10,000 in Banque Cantonale du Jura SA shares five years ago would now be worth CHF 9,279.28, reflecting a decrease of 7.21%. The shares, traded on the SWX stock exchange, closed at CHF 51.50 on 28.11.2024, down from CHF 55.50 on 29.11.2019. The bank currently has a market capitalization of CHF 158.49 million.
UBS shares have received a "Poor" rating due to low market activity and significant underperformance compared to peers in the Capital Markets and Financials sectors, with a 13.27% increase over the past year versus an average of 55.21%. Despite a favorable sentiment and a low price/earnings ratio of 3, the stock's technical analysis indicates a "Neutral" rating. Investors are urged to consider their options carefully in light of these findings.
The election of Donald Trump has introduced significant macroeconomic uncertainty, signaling a potential shift away from the neoliberal consensus on globalization and financial markets. Macro strategist Viktor Shvets, in his book "The Twilight Before the Storm," suggests we are entering a turbulent period that could last two decades, with a major reevaluation of global trade and economic policies underway. The implications of these changes will take years to fully materialize.
Consumer inflation expectations in the euro area rose to 2.5% for the next 12 months in October, up from 2.4% in September, according to the European Central Bank. The three-year inflation gauge remained steady at 2.1%, slightly above the ECB's target, reinforcing calls for a cautious approach to interest rate adjustments.
Consumption remains strong, but market share is shifting, according to Vikas Khemani of Carnelian Asset Management. He highlights that while sectors like real estate and cable services thrive, some industries, such as tiles, are losing ground to unorganised players. Khemani also notes that capital expenditure is not slowing, despite a decline in bank credit growth to corporates.
Veteran investor Mark Mobius advocates for investing in U.S. tech firms with exposure to emerging markets, particularly those focused on China and India, as they are poised for growth. He highlights the importance of companies leveraging technology to enhance productivity and emphasizes the booming semiconductor industry in emerging markets like Malaysia and Taiwan. Despite concerns over high valuations among major tech stocks, Mobius remains optimistic about their continued growth, particularly in the AI sector, with Nvidia leading the charge.