UBS has raised its price target for Nordea Bank Abp to SEK 144, maintaining a Buy rating. The bank operates across four business areas: Retail Banking (38.9% of revenues), Corporate Banking (29.2%), Institutional and Large Corporate Banking (20.2%), and Asset and Wealth Management (11.7%). Geographically, its income is derived from Finland (24.9%), Sweden (27.3%), Denmark (26.5%), Norway (17.5%), and Other (3.8%).
09:59 18.10.2024
UBS has raised its price target for Nordea Bank Abp to SEK 144, maintaining a Buy rating. The bank operates across four business areas: Retail Banking (38.9% of revenues), Corporate Banking (29.2%), Institutional and Large Corporate Banking (20.2%), and Asset and Wealth Management (11.7%). Geographically, its income is derived from Finland (24.9%), Sweden (27.3%), Denmark (26.5%), Norway (17.5%), and Other (3.8%).
09:59 18.10.2024
UBS has raised its target price for Nordea Bank Abp to SEK 144, maintaining a Buy rating. The bank operates across four main business areas: personal banking (38.9% of income), business banking (29.2%), institutional and large corporate banking (20.2%), and assets and wealth management (11.7%). Geographically, income distribution is as follows: Finland (24.9%), Sweden (27.3%), Denmark (26.5%), Norway (17.5%), and other (3.8%).
09:59 18.10.2024
The upcoming U.S. election could significantly impact commodity markets, with Kamala Harris's potential victory likely boosting demand for industrial metals and renewable energy materials due to increased infrastructure spending. Conversely, a Trump re-election may favor fossil fuels and deregulation, affecting supply and prices. Both scenarios could influence the U.S. dollar's strength, further impacting commodity prices.
IG
09:58 18.10.2024
The outcome of the US elections could significantly impact commodity markets, with a Kamala Harris win likely boosting demand for renewable energy commodities like copper and lithium, while reducing reliance on fossil fuels. In contrast, a Trump re-election may favor traditional fossil fuels through deregulation and increase demand for industrial metals due to infrastructure spending. Both scenarios could influence precious metals as geopolitical uncertainty drives demand for safe-haven assets like gold, alongside fiscal and monetary policies affecting the US dollar and commodity prices.
IG
09:57 18.10.2024
Chinese stock markets, including the Hang Seng, rebounded over 3% following better-than-expected economic data and a new PBoC program to finance corporate buybacks. The Hang Seng is attempting to recover from the 20,000-point threshold, with a target of 22,700, 25,000, and 30,000 points, contingent on positive retail sales data.
IG
09:40 18.10.2024
Gold prices have reached new highs for the second consecutive day, showcasing a strong upward trend. Meanwhile, WTI crude oil is recovering, potentially forming a higher low, while natural gas prices continue to decline, struggling to establish support above recent lows.
IG
09:38 18.10.2024
UBS shares rose by 0.5% to CHF 28.31 in morning trading, with a peak of CHF 28.35. The stock is currently 26.25% above its 52-week low of CHF 20.88 and 1.66% away from its 52-week high of CHF 28.78. The dividend forecast for this year is USD 0.823, up from CHF 0.640 last year, with Q3 2024 earnings expected on October 30, 2024.
09:29 18.10.2024
The 2024 Paris Motor Show highlights the electric vehicle and SUV trends amid a challenging economic landscape, with significant participation from brands like Renault, which showcases the electric Renault 5 and 4. Chinese manufacturers, including Leapmotor, make a measured debut, while established European automakers like Volkswagen and BMW return to reconnect with consumers. The event reflects a market grappling with slow sales growth and a notable decline in electric vehicle demand.
DAX 40 and S&P 500 are trading near record highs, while the FTSE 100 has reached a 2½-month high, buoyed by positive US retail sales and jobless claims data. The FTSE 100 surpassed its mid-September peak, eyeing resistance levels around 8,404-8,419, with support noted at 8,336-8,335. The DAX 40 hovers below 19,681, while the S&P 500 is just below its record high of 5,882, with minor support at 5,805.
IG
09:23 18.10.2024
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