UBS shares rose 0.4% to CHF 27.90, making it a standout in the SMI, which is at 12,204 points. The stock hit a daily high of CHF 28.04 and has a 52-week high of CHF 28.78, requiring a 3.15% increase to reach that level. Analysts forecast an EPS of USD 1.65 for 2024, with recent quarterly earnings at CHF 0.32, down from CHF 8.42 a year prior, despite a 38.06% increase in sales to CHF 19.76 billion.
12:29 24.10.2024
As the U.S. presidential election approaches in early November, traders should brace for increased volatility, particularly in the lead-up to the event. Historical trends indicate a strong inverse relationship between the VIX volatility index and the S&P 500, with volatility typically rising before elections and declining afterward, often benefiting the stock market. Risk management strategies, such as shorting the VIX while going long on the S&P, can help investors navigate potential market surprises.
IG
12:28 24.10.2024
The Cabinet has approved a ₹1,000 crore venture capital fund aimed at boosting startups in the space sector. This initiative is expected to accelerate the growth of India's private space industry and foster advancements in space technology.
The Irish Data Protection Commissioner has fined LinkedIn 310 million euros ($335 million) for violating data protection laws through its targeted advertising practices. Deputy Commissioner Graham Doyle emphasized that processing personal data without a legal basis infringes on individuals' fundamental rights. Microsoft had anticipated a potential fine of around $425 million for its LinkedIn unit.
The government has approved a Rs 1,000 crore venture capital fund aimed at supporting space startups, with operations expected to commence within five years. The fund, managed by the Indian National Space Promotion and Authorisation Centre (IN-SPACe), plans to invest Rs 150-250 crore annually, targeting investments between Rs 10-60 crore based on the startups' development stage.
South-East Asia is emerging as a key player in the global economy, attracting multinational firms seeking to relocate manufacturing from China. Countries like Indonesia, the Philippines, and Vietnam are poised for rapid growth, while Malaysia is on track to achieve high-income status. Singapore's role as a financial hub has strengthened amid shifts in regional dynamics.
Samir Arora of Helios Capital warns that India's capital gains tax on foreign investors could deter long-term capital inflows, making the country less attractive post-tax. He criticizes analysts for underestimating the tax's impact on returns and urges caution against overconfidence in capital availability. Foreign institutional inflows have slowed, influenced by high interest rates and strong equity performance in developed markets, despite a notable rise in the BSE SENSEX Index.
A group of creditors holding Thames Water’s riskiest debt is preparing to offer a loan of at least £1.5 billion ($1.9 billion) to help the struggling UK utility avoid insolvency. The financing proposal from the Class B securities holders includes an interest rate of approximately 8%, according to sources.
Air Liquide reported third-quarter 2024 sales of €6.76 billion, a 0.7% decline due to unfavorable energy and currency effects. UBS maintains a Buy rating with a price target of €200, noting organic sales growth of 3.3% and continued EBIT margin improvement exceeding 100 basis points. The company remains confident in increasing its operating margin and recurring net income growth for 2024.
12:19 24.10.2024
UBS maintains a "Buy" rating for Air Liquide following its quarterly results, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that the analysis is provided "as is" without any warranties, and it does not reflect BOURSORAMA's views. The institution adheres to strict conflict of interest management policies to ensure objectivity in its investment recommendations.
12:19 24.10.2024
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