Coffee prices are surging as Arabica futures reach their highest levels since 1997, driven by concerns over crop yields in major producing countries. This year has seen significant supply disruptions in Brazil and Vietnam, pushing the more affordable robusta variety to its highest price since the 1970s. Consumers can expect increased costs for both specialty and instant coffee.
French nuclear generation has reached its highest level for this time of year since 2015, following a reduction in intense storm winds. In the day-ahead auction on Epex Spot SE, German power prices surged to €112.75, while French prices rose to €114.24, reflecting significant increases from the previous day.
Tesla's stock has surged about 40% since the U.S. election, driven more by investor sentiment than fundamental changes, according to UBS analysts. The rally has added over $350 billion in market capitalization, with potential regulatory shifts under the incoming Trump administration playing a role. However, UBS warns that the removal of EV tax credits may not be entirely beneficial for Tesla, and competition in China and Europe remains strong. The analysts raised their price target to $226, noting that the current valuation appears over-extended.
15:24 25.11.2024
Suraksha Diagnostic, backed by OrbiMed, has filed its red herring prospectus for an IPO set to launch on November 29. The offering consists entirely of an offer-for-sale of 1.91 crore equity shares by existing shareholders, with no fresh issue component. The bidding will close on December 3, following an anchor book opening for institutional investors on November 28.
UBS maintains a neutral stance on UK equities, citing a supportive macroeconomic backdrop but a slow earnings recovery ahead. While domestic GDP growth is improving and interest rates are being cut, risks from higher tariffs and rising bond yields could impact valuations. The bank forecasts a -3% earnings growth in 2024, down from previous estimates, and advises broad-based exposure to the UK market, favoring sectors like IT, consumer staples, and utilities.
15:22 25.11.2024
Tesla's stock surged to $352.56, adding over $350 billion in market capitalization since election day, driven more by investor optimism than actual business improvements, according to UBS analysts. They cautioned that potential policy changes could negatively impact Tesla, such as the removal of consumer tax credits, which might force price cuts. Despite raising the price target to $226, analysts maintained a sell rating on the shares.
15:21 25.11.2024
The S&P 500 is approaching the 6020 resistance target following a bullish reversal, with traders advised to consider trailing stop losses to the gap support at 5965 to secure profits. A close above 6020 could lead to further gains, targeting the overhead trend line resistance at 6200.
IG
15:19 25.11.2024
U.S. stock and bond markets reacted positively to President-elect Trump's nomination of Scott Bessent for Treasury secretary, signaling confidence in his market expertise and economic philosophy. Bessent anticipates strong growth and low inflation, advocating for a balanced approach to tariffs and national debt reduction. While some political opposition exists, analysts expect a smooth confirmation process, viewing Bessent as a stabilizing force in Trump's economic agenda.
Virgin Atlantic CEO Shai Weiss criticized the U.K. Labour government's budget as a "tax on growth," highlighting increased Air Passenger Duty (APD) rates that could hinder the aviation sector's contribution to the economy. The budget, which includes significant tax hikes aimed at businesses, has raised concerns among corporations about expansion and investment. Despite challenges, Weiss expressed optimism for Virgin Atlantic's return to profitability in 2024, despite ongoing issues with Rolls-Royce Trent 1000 engines affecting operations.
Arm Holdings plc is a leading semiconductor intellectual property company that develops and licenses technology for a wide range of devices globally. Its offerings include various central processing units (CPUs) and graphics technologies, catering to performance, power, and cost needs across markets from IoT sensors to supercomputers. The company also provides development tools to enhance product development for smartphones, tablets, and autonomous vehicles.
15:12 25.11.2024

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