Art Basel Paris, debuting at the Grand Palais from October 18 to 20, is quickly becoming a key player in the European art fair scene, attracting 195 exhibitors despite a challenging market. The event features new sections and collaborations with luxury brands, appealing to a diverse audience, particularly Asian visitors. Amid rising costs and a cautious collector base, the fair embodies a unique allure, driven by passion rather than investment potential.
LVMH shares experienced a slight recovery, rising 1.2% to EUR 609.40 after hitting a new low of EUR 578.80 earlier in the week. The stock remains in a downward trend, with key resistance at EUR 611.50 and potential support at EUR 600, while further declines could test levels around EUR 567.00 and EUR 535.00.
08:46 18.10.2024
The Healthcare BPO market is poised for significant growth from 2024 to 2031, driven by increased demand, a growing customer base, and technological advancements. A comprehensive report analyzes market size, trends, competitive landscape, and future growth prospects, highlighting key players like IBM, Accenture, and Cognizant. The report also delves into market segmentation, consumption patterns, and strategic opportunities for stakeholders.
The Healthcare Revenue Cycle Management market is projected to experience significant growth from 2024 to 2031, driven by increased demand, a growing customer base, and technological advancements. A comprehensive report analyzes market size, trends, competitive landscape, and future growth prospects, highlighting key players such as Epic Systems Corporation and GE Healthcare. The report also delves into market segmentation, consumption patterns, and pricing strategies, providing valuable insights for stakeholders in the industry.
The DAX reached a record high of 19,675 points following the ECB's interest rate decision, closing at 19,583, up 0.8%. If gains continue, the next resistance level is 19,634, with a potential rise towards 20,000. Conversely, a decline could see support at 19,492 and lower levels around 19,250.
08:42 18.10.2024
Rental prices in Switzerland saw a slight overall increase of 0.2% in September, with notable rises in Schwyz (3.1%), Uri (1.3%), and Fribourg and Basel-Stadt (1.0%). Year-on-year, Schwyz and Zug led with increases of 11.4% and 11.1%, respectively, while larger cities like Lucerne and Zurich also reported significant growth.
AUD/USD and GBP/USD have found interim support after a week of dollar strength, with AUD/USD recovering from a low of $0.6659. Minor resistance is noted at $0.6730 and $0.6759, while GBP/USD hovers above a two-month low, with support at $1.2903.EUR/JPY continues to trade below the ¥162.89-to-¥164.24 resistance zone, with potential support between ¥161.01 and ¥160.60. A break above resistance could signal a medium-term bullish reversal.
IG
08:20 18.10.2024
UBS shares reached a record high of CHF 28.18, driven by positive market sentiment and interest rate cuts. Despite recent gains, concerns about the slow integration of Credit Suisse and talent losses to competitors persist, raising questions about UBS's future ambitions in investment banking. The bank's third-quarter results, set to be announced soon, will be closely watched for insights into its performance amid a booming market.
08:06 18.10.2024
UBS's latest "Line Manager Effectiveness Survey" has yielded positive results, with CEO Sergio Ermotti affirming the strong performance of department heads, despite some criticism. Head of HR Stefan Seiler, who has recently ascended in his career, is pivotal in managing the bank's workforce and addressing equity demands from regulators. As president of the Swiss Finance Institute, he will play a key role in upcoming discussions on banking regulation and capital requirements.
07:55 18.10.2024
UBS has become an investor in the neo-bank Radicant, although the investment is not direct. This stake arises from UBS's merger with FinTech Numarics, highlighting the bank's strategic move into the digital banking sector.
07:21 18.10.2024
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