This week’s trading opportunity focuses on going long GBP/USD, targeting entry around 1.3027. Following a steady uptrend since April, the pound experienced a pullback below 1.30 but shows signs of recovery, supported by positive divergence on daily stochastic indicators. A stop loss is set at 1.2950 to manage risk effectively.
IG
14:26 21.10.2024
American Express will acquire UBS's 50% stake in Swisscard, making it the sole owner of the credit card provider. Following this transaction, Swisscard will continue to issue cards under American Express, Mastercard, and Visa licenses, with no immediate impact on cardholders or merchants. The company remains committed to expanding its operations in Switzerland.
14:21 21.10.2024
Lombard Odier has appointed Mark Goddard as the new CEO of its UK operations, effective November 26. Based in London, he will oversee the private client division and report to Duncan MacIntyre and Stephane Herrmann. Goddard, who previously led UBS's UK High Net Worth division, brings extensive experience in banking and client management.
China's recent stimulus measures have been deemed a positive step, yet analysts at UBS consider them insufficient. The People's Bank of China has lowered benchmark loan rates to boost economic activity, leading UBS to raise its GDP forecast to 4.8%, still below the government's 5% target. Ongoing challenges, including overcapacity in manufacturing and a struggling real estate sector, persist, while Chinese equities are viewed as offering value amid improving earnings revisions.
14:05 21.10.2024
Chinese stimulus measures are seen as a positive yet modest step to revitalize the economy, with the People's Bank of China recently cutting lending rates. UBS has raised its GDP forecast for China to 4.8%, still below the government's 5% target, while highlighting ongoing challenges in the property sector and manufacturing overcapacity. Analysts recommend a tactical overweight in Chinese equities, citing their value and improving earnings revisions, while expressing caution towards luxury stocks and US consumer brands exposed to China's economic issues.
14:00 21.10.2024
Nvidia has partnered with Aidoc to create the "Blueprint for Resilient Integration and Deployment of Guided Excellence" (BRIDGE), aimed at enhancing AI adoption in healthcare. This framework will provide guidelines for integrating AI into clinical workflows to improve patient outcomes, addressing challenges of interoperability and cohesion in the rapidly evolving AI landscape. With significant investments in healthcare AI, Nvidia seeks to expand its influence and support startups in effectively deploying AI solutions.
Tech giants Microsoft, Google, and Amazon are investing heavily in small modular reactors (SMRs) to meet their growing energy demands, with Microsoft planning to reactivate a reactor at Three Mile Island and Google ordering seven SMRs from Kairos Power. While these investments signal a shift towards nuclear energy, concerns about safety, waste disposal, and the commercial viability of SMRs remain significant. As the U.S. races to catch up with China's advancements in nuclear technology, the future of SMRs is still uncertain.
The EU has established a €90 billion investors club to address the technology funding gap, with 71 investors including Atomico, EQT, and state-backed entities like Bpifrance and Invest-NL. A recent report highlights Europe's struggle to scale tech compared to the U.S. and China, marking it as a significant long-term challenge.
UBS has raised its price target for Lyft Inc. from $12 to $13 while maintaining a "neutral" rating, citing stable market share and usage figures. Despite optimistic signals from Lyft regarding unit growth, UBS remains cautious due to ongoing market challenges.
13:53 21.10.2024
St. Galler Kantonalbank, Switzerland's fifth largest cantonal bank, is highlighted as a solid investment by Zürcher Kantonalbank analyst Andreas Venditti. With a strong focus on private banking and significant acquisition potential, the bank aims for growth despite expected profit declines. Its current valuation metrics indicate an attractive position compared to peers, making it a noteworthy investment opportunity.
13:46 21.10.2024
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings