ubs downgrades liberty global to neutral with new price target

UBS analyst Polo Tang has downgraded Liberty Global (NASDAQ: LBTYA) from Buy to Neutral, reducing the price target from $23.00 to $13.00, citing the impact of the Sunrise spin-off. Liberty Global now holds stakes in Virgin Media O2, Telenet, and VodafoneZiggo, along with a $3 billion Ventures portfolio. The company faces challenges in the UK market but sees potential for growth through broadband expansion and strategic initiatives.
08:16 18.11.2024

Indian bonds face record outflows as US yields rise and inflation concerns grow

Indian bonds are experiencing their largest outflows since June, with overseas investors selling a net Rs 4,960 crore ($588 million) last week, driven by rising US yields and a hawkish stance from the Reserve Bank of India amid accelerating inflation. Concerns over a slowing economy have also led to significant sell-offs in Indian stocks, totaling $2.7 billion in November, contributing to a quarterly total of $13.6 billion. The yield premium on India's 10-year debt over US Treasuries has narrowed to about 243 basis points, nearing a one-year low.

record mutual fund inflows shift investment focus to it and pharma sectors

In October, mutual fund inflows via monthly systematic investment plans (SIPs) surpassed Rs 25,000 crore for the first time, with equity mutual funds attracting over Rs 41,500 crore as retail investors capitalized on market conditions. Fund managers adjusted allocations, increasing weights in sectors like banks, healthcare, technology, and cement, while reducing exposure to oil & gas, consumer durables, and automobiles.

European markets poised for gains as German exports show mixed results

European markets are poised for a higher open as German exports increased by 0.5% in Q3, reaching 384 billion euros, despite a decline in trade with the EU and euro zone. Notably, exports to the U.S. rose by 3.8%, while those to China fell by 9.4%. In corporate news, Samsung Electronics announced a significant stock buyback plan worth 10 trillion South Korean won, boosting its shares by over 7%.

Shoonya ends zero brokerage model introducing new trading fees effective December 2024

Shoonya has announced the end of its zero-brokerage model, introducing a new fee structure effective from December 2, 2024. Users will face an annual maintenance fee of Rs 499 and a trading fee of Rs 5 per order for intraday and derivatives trades, while maintaining zero brokerage on delivery trades, ETFs, bonds, IPOs, and mutual funds. This change follows Kotak Neo's recent introduction of a Rs 10-per-order brokerage for intraday trades, highlighting the increasing pressure on discount brokerages to ensure sustainable operations.

european companies report disappointing earnings as recovery hopes fade

European companies are facing a downturn, with the MSCI Europe Index reporting a 0.3% revenue decline in Q3, contrary to expectations of 0.4% growth. Only 30% of firms surpassed sales estimates, marking the lowest performance in nearly five years, leading to reduced earnings forecasts for 2025.

master partners with lumeo health to expand cosmetic surgery in southeast asia

Master Style PCL has partnered with Indonesia's Lumeo Health to expand its presence in Southeast Asia's cosmetic surgery market. This collaboration aims to enhance regional competitiveness and meet the growing demand for beauty procedures, particularly among younger populations in countries like Indonesia, Laos, and Cambodia. With over 90 service points in Thailand, MASTER is committed to integrating advanced medical techniques and expanding its network to solidify its position as a leading hub for cosmetic surgery in the region.

us dollar gains face uncertainty amid economic and political challenges

The US dollar has surged 6% since early October, reaching its highest value since 2022, driven by inflation concerns linked to potential punitive tariffs and tax cuts under Trump. However, this strength may be overstated, as the Fed is likely to maintain lower interest rates, and various economic factors could weaken the dollar moving forward. The current appreciation against the Swiss franc may not be sustainable, suggesting a cautious outlook for travelers planning to exchange currency.
07:57 18.11.2024

investors buy the dip as sensex recovers from early losses

Benchmark indices Nifty and Sensex recovered from morning lows, with the Sensex down 169.21 points at 77,411.10 and Nifty down 44.20 points at 23,488.50. Auto and metal stocks provided some support, while IT and energy sectors weighed on sentiment amid concerns over Q2 earnings and foreign outflows. The broader market showed mixed trends, with midcap indices rising slightly and smallcap indices declining, though both have gained 17% this year, outperforming the Nifty's 8% rise.

European tech leaders call for stronger action against US tech dominance

European tech CEOs are advocating for a "Europe-first" strategy to combat U.S. tech dominance following Donald Trump's electoral victory. At the Web Summit in Lisbon, leaders emphasized the need for stronger regulations and localizing AI infrastructure to ensure Europe remains competitive and self-sufficient in technology. Concerns were raised about potential shifts in the EU's regulatory stance towards major U.S. tech firms amid fears of retaliation from the new U.S. administration.
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