Advanced Micro Devices (AMD) shares attempted stabilization mid-week after a decline, following a lowered forecast from ASML. The stock tested the medium-term 100-day line but held as support. A large triangle pattern has formed, with potential upward movement if prices close the gap at USD 165.27, while a continued correction below USD 155.98 could lead to further declines.
09:05 17.10.2024
The global asset management industry, managing €42 trillion, faces significant challenges as profit margins decline and competition intensifies. A study by ZEB highlights that while AuM grew by 8.8% annually from 2019 to 2023, costs have stagnated, prompting firms to prioritize cost reduction and digitalization, particularly through AI. Many asset managers plan to enhance their offerings in alternative investments, although understanding of digital tools remains limited.
A split Congress with Trump as president could lead to higher tariffs and lighter regulations, benefiting financials but creating mixed impacts on equity markets. While the dollar and interest rates may rise, inflationary pressures could complicate Fed rate cuts, particularly affecting consumer discretionary and technology sectors. The fossil fuel industry might see reduced regulatory risks, while green energy initiatives could face funding cuts.
09:00 17.10.2024
Berner Kantonalbank (BEKB) demonstrates stable performance amid market volatility, with a current share price of EUR 247.50, reflecting a 1.85% increase over the past month. The bank's solid dividend yield of 4.13% and a P/E ratio of 13.19 indicate a fair valuation, suggesting a balanced growth and profitability outlook. Recent analysis calls for shareholders to consider their positions, weighing the options to buy or sell.
09:00 17.10.2024
Debt-for-nature swaps, initially structured by Credit Suisse, are gaining traction on Wall Street, with several banks, including JPMorgan and Goldman Sachs, entering the market. These instruments aim to refinance government debt while funding sustainable projects, attracting private investment and potentially creating a new asset class. As interest grows, at least $1.6 billion has been issued for such deals, signaling a shift towards monetizing biodiversity protection efforts.
09:00 17.10.2024
Investors are advised to reduce their US dollar exposure as it is expected to weaken further due to anticipated interest rate cuts and concerns over the fiscal deficit. Recommended strategies include hedging USD assets, diversifying into international currencies like the euro and Swiss franc, and allocating up to 5% to gold. Geopolitical tensions and economic uncertainties are likely to support gold prices amid a depreciating dollar.
09:00 17.10.2024
Switzerland is facing a lawsuit in New York from AT1 bondholders who suffered losses due to the collapse of Credit Suisse. The case, which raises questions about Switzerland's legal accountability, has been delayed as it navigates the complexities of the situation.
09:00 17.10.2024
Gemma Tomas has been appointed as the new Managing Director of Spectrum Asset Management in Switzerland, where she will collaborate with Chief Investment Officer Isabel Faragalli to enhance international distribution and sales. Tomas brings 26 years of experience from Credit Suisse, most recently serving as Head of External Asset Managers for Latin America, and has a strong background in investment banking and wealth management across various global markets. She holds a master's degree in physics from the University of Barcelona and a postgraduate program in corporate finance from the London Business School.
09:00 17.10.2024
The 2025 budget law introduces significant measures aimed at reducing the tax burden and supporting lower and middle-income workers and pensioners, with a gross effect of approximately €30 billion in 2025. Key changes include a tax wedge cut, structural IRPEF rate reductions, and increased resources for public administration and healthcare. Additionally, pensions will see full revaluation, and incentives for employment and business investments are confirmed, alongside extended parental leave benefits.
Healthcare provider associations are seeking clarity on notification responsibilities following the Change Healthcare data breach, which may have affected one in three Americans. The breach has led to significant financial strain on providers, with many reporting revenue losses and increased operational costs. UnitedHealth Group anticipates a $1.6 billion loss this year due to the ransomware attack, while lawmakers demand answers regarding cybersecurity measures and the impact on the healthcare system.
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