UBS has maintained a "Buy" rating for Gerresheimer, setting a target price of 132 euros. Analyst Olivier Calvet highlighted that data from Novo Nordisk's weight-loss drug CagriSema could significantly impact Gerresheimer, positioning it favorably against competitors like Ypsomed.
08:49 29.11.2024
French inflation rose by 1.7% year-on-year in November, slightly below analysts' expectations of 1.8%. This increase, amid waning consumer confidence, remains well under the European Central Bank's 2% target, bolstering arguments for further interest rate cuts.
Heavyweight stocks, including Reliance Industries and HDFC Bank, rebounded on Friday, lifting benchmark indices Sensex and Nifty after a challenging period. The BSE Sensex rose by 721.31 points to close at 79,765.05, while the NSE Nifty gained 208.50 points, settling at 24,122.70. HDFC Bank's shares climbed 0.63 percent, nearing its 52-week high.
In the summer of 2022, Credit Suisse engaged in challenging negotiations with the Swiss Financial Market Supervisory Authority (Finma) regarding the sale of its investment banking division, a move aimed at revitalizing the bank. The plan, proposed by the new management team led by CEO Ulrich Körner, was ultimately rejected due to the need for regulatory changes. This period of intense discussion followed the leadership transition from Chairman Antonio Horta-Osorio to Axel Lehmann and the appointment of Körner in July.
08:42 29.11.2024
China has reinstated multiple-entry visas for Shenzhen residents traveling to Hong Kong, effective December 1. Each visa allows stays of up to seven days and is valid for one year, reversing a 2015 policy that limited visits to once a week to address concerns over cross-border trading.
The next Economic Census is set to begin in April 2025, as announced by MoSPI Secretary Saurabh Garg. Starting in January, all surveys will include district-level estimates, and the Ministry plans to utilize remotely-sensed nightlight data to enhance assessments of economic activity. This census will provide detailed insights into the operational and structural variables of establishments across the country.
Bitcoin approached the $100,000 mark this week, reaching within $1,000 before retreating to around $96,150. Analysts express caution, noting that the psychological barrier of $100,000 may hinder further gains, with some investors cashing in on recent highs. Concerns about market leverage and potential corrections loom, yet optimism remains if political promises to the crypto sector materialize.
Investors are increasingly turning to South Africa as a stable option amid the uncertainties of the Trump administration. Major financial institutions, including Goldman Sachs and Societe Generale, predict that the country's currency, stocks, and bonds may outperform other emerging markets in 2025, offering a buffer against global economic turbulence. South Africa is viewed as relatively insulated from the potential shocks of U.S. policies.
UBS shares experienced a slight decline of 0.08% to EUR 30.09 on November 29, yet have risen 6.72% over the past month, currently sitting 21.52% above their 52-week low. The Swiss bank, with a market capitalization of €104.2 billion, paid a dividend of USD 0.35 in 2024, maintaining its strong position in the European banking sector. Recent analyses indicate a pressing need for action among shareholders regarding buying or selling decisions.
08:26 29.11.2024

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