UBS has maintained a 'Buy' rating for TotalEnergies with a target price of 67 euros, despite expectations of a weak third quarter. Analyst Henri Patricot has lowered his estimates for the oil and gas producer, indicating they fall below consensus expectations. As of October 17, TotalEnergies shares are trading at approximately 59.79 euros, reflecting a slight increase of 0.62%.
15:00 15.10.2024
The Social Security Financing Bill for 2025 aims to reduce the deficit from €18 billion to €16 billion through cuts in healthcare spending and a six-month delay in pension increases. Key measures include lowering reimbursement rates for medical consultations and daily sick leave allowances, alongside negotiations to reduce costs for medical imaging and analyses. Additional provisions will enhance financial support for mental health and childcare for single-parent families.
US stocks closed lower as Nvidia and chip stocks fell following disappointing earnings from ASML, which dropped over 15%. The Dow Jones Industrial Average declined by 0.8%, influenced by UnitedHealth Group's 8% drop after missing profit guidance. Meanwhile, oil prices tumbled nearly 4% amid geopolitical developments.
14:47 15.10.2024
UBS is set to revise its recovery and emergency plans following the acquisition of Credit Suisse, as mandated by FINMA. The Swiss Financial Market Supervisory Authority has deferred the yearly approval of these plans, citing the need for UBS to enhance its integration efforts to ensure resolvability.FINMA has identified obstacles stemming from the merger that affect UBS's solvency as of December 31, 2023, and is urging the bank to improve its crisis readiness. Meanwhile, UBS has reaffirmed its long-standing partnership with the Mercedes-AMG PETRONAS Formula One Team, emphasizing shared values of innovation and teamwork.
14:42 15.10.2024
UBS has maintained a 'Sell' rating for Ericsson, setting a target price of 52 Swedish crowns following the company's third-quarter results, which met expectations. Analyst Francois-Xavier Bouvignies noted that gross margins remain strong, and consensus estimates for 2024 and 2025 operating profit are expected to rise by 5 to 10 percent.
14:38 15.10.2024
Swiss regulator FINMA has mandated UBS to enhance its emergency protocols following its acquisition of Credit Suisse. The regulator emphasized the need for improved crisis planning to prevent market instability, requiring UBS to develop options for potential insolvency scenarios and ensure adequate liquidity reserves. UBS has begun refining its emergency plans in response to these directives.
14:22 15.10.2024
The government is set to discuss a financial maneuver on Oct. 15, focusing on the renewal of public sector contracts for 2025-2027, with a particular emphasis on healthcare. Plans include hiring 20,000 doctors and 10,000 nurses, alongside proposed tax reductions on medical salaries to address staffing shortages and improve retention in hospitals. To fund these initiatives, over 3 billion euros will be added to the Health Fund, totaling 138 billion euros by 2025.
UBS has raised its year-end target for the S&P 500 to 5,850 points, up from 5,600, citing corporate earnings growth and favorable economic conditions. The index has surged 22.85% in 2024, reaching a record high of 5,859.85 points. UBS also increased its 2025 target to 6,400, driven by anticipated interest rate cuts and strong technology stock performance.
14:21 15.10.2024
UBS Global Research has raised its year-end target for the S&P 500 to 5,850 points, up from 5,600, citing corporate profit growth and a supportive macroeconomic environment. The index has surged 22.85% in 2024, reaching a record high of 5,859.85 points. UBS also increased its 2025 target to 6,400, anticipating further gains driven by technology stocks and a series of interest rate cuts by the Federal Reserve.
14:21 15.10.2024
UBS Global Research has raised its year-end target for the S&P 500 to 5,850 points, up from 5,600, citing corporate earnings growth and favorable macroeconomic conditions. The index has surged 22.85% in 2024, reaching a record high of 5,859.85 points. Additionally, UBS increased its 2025 target to 6,400, driven by anticipated interest rate cuts and strength in technology stocks.
14:21 15.10.2024
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