In September, rental prices in Switzerland saw a slight increase, with the overall index rising by 0.2 points to 128.1. The canton of Schwyz experienced the highest monthly rise at 3.1%, while year-on-year, it also led with an 11.4% increase. Notably, cities like Basel and Lucerne reported significant annual rent hikes of 1.1% and 8.2%, respectively, while Lausanne saw a decrease of 0.5%.
09:23 18.10.2024
UBS maintains a "neutral" rating on Apple Inc. with a price target of USD 236, citing limited potential for iPhone growth in Q3 and Q4. Despite a forecasted increase in unit sales of 4% and 1% year-on-year for these quarters, demand remains modest, particularly in the high-end segment, where waiting times for the iPhone 16 Pro have decreased compared to last year. Investors are advised to focus on long-term developments, as significant short-term growth is not anticipated.
09:19 18.10.2024
LVMH shares experienced a 1.2% increase to EUR 609.40 after hitting a yearly low of EUR 578.80, following disappointing quarterly results. The stock must break above EUR 611.50 to improve its outlook, while a drop below EUR 600 could lead to further declines towards EUR 582.10 or lower.
09:13 18.10.2024
Investors are increasingly divesting from the UBS ETF - MSCI World Socially Responsible ETF A, which recently slipped 0.01% to EUR 0.02. The fund reached a low of EUR 154.50 during the STU session and has seen a 52-week low of EUR 115.00 on October 28, 2023, with 46,992 shares traded.
09:09 18.10.2024
UBS Group AG has acquired a 6.50% voting stake in Vault Minerals Limited, amounting to over 442 million ordinary shares. This strategic investment underscores UBS's interest in the mining sector and may influence the stock dynamics of Vault Minerals. Investors should monitor upcoming developments closely.
09:08 18.10.2024
The SMI closed lower, with Swiss Re among the decliners, while Wall Street showed weakness. In Tokyo, the Nikkei index rose 0.3% to 39,110.95, buoyed by technology stocks like Advantest and Tokyo Electron, despite caution ahead of corporate results and the upcoming general election on October 27. Fast Retailing, KDDI, and Daiichi Sankyo were among the notable losers.
09:00 18.10.2024
Christian Schöttli will assume the role of Chairman of the Executive Board at Raiffeisenbank Mittelthurgau on March 1, 2025. With extensive experience in the financial sector, including leadership roles at Thurgauer Kantonalbank, he is expected to guide the bank into the future alongside the Board of Directors and management. Katja Meier, the interim Chairwoman, expressed confidence in Schöttli's capabilities and alignment with the bank's values.
09:00 18.10.2024
Global equity markets are poised for growth, supported by lower interest rates and China's significant stimulus package aimed at revitalizing its economy. The ongoing AI revolution further enhances this positive outlook, despite potential volatility from geopolitical tensions and upcoming US elections. Investors are encouraged to position for long equity exposure as structural support builds through 2025.
09:00 18.10.2024
Citigroup's stock fell 5% following its third-quarter earnings announcement, despite beating expectations and showing revenue growth across all divisions. CEO Jane Fraser faced scrutiny during the earnings call regarding potential new asset-cap restraints, which she later clarified do not exist. This confusion, coupled with regulatory concerns raised by Senator Elizabeth Warren, has heightened investor anxiety about the bank's compliance and transformation efforts.
09:00 18.10.2024
A legal dispute in New York regarding the worthless AT1 bonds issued by Credit Suisse will see its first decision postponed until February 2024. Eight former creditors are suing Switzerland for approximately CHF 80 million, claiming that the write-off of the bonds was unlawful and violated property rights. The case, which involves a small portion of the total CHF 16 billion in worthless bonds, is being handled by the law firm Quinn Emanuel Urquhart & Sullivan.
09:00 18.10.2024
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