GBP/USD found support at the 55-day SMA of $1.3066, with the $1.30 mark being crucial for the medium-term trend. If this level fails, the September low of $1.3002 and the 200-day SMA at $1.2784 could come into play. Meanwhile, EUR/JPY is trading below the ¥162.89-to-¥164.24 resistance area, while USD/JPY aims for key resistance levels.
IG
00:30 10.10.2024
The UBS (Lux) Equity - Long Term Themes P Fund, launched on January 28, 2016, by UBS Asset Management, has a volume of $4.33 billion and is categorized under equities. As of the latest update, the fund's price is $229.75, reflecting a 17.62% performance over the past year with a volatility of 14.24%. The fund is managed by Joseph R. Elegante, Adam Jokich, and Chloe Hickey-Jones, and follows a reinvestment distribution policy.
00:00 10.10.2024
Glarner Kantonalbank (GLKB) shares closed at EUR 22.90 on October 9, 2024, marking a 0.22% increase and a 2.00% gain over the past month, despite a 6.15% annual decline. The bank boasts a 4.80% dividend yield and a P/E ratio of 11.89, indicating solid financial health. A recent analysis suggests shareholders may need to consider their next steps.
23:42 09.10.2024
Glarner Kantonalbank (GLKB) shares closed at EUR 22.90 on October 9, 2024, marking a 0.22% increase and a 2.00% gain over the past month, despite a 6.15% annual decline. The bank's solid financials include a 4.80% dividend yield and a P/E ratio of 11.89, indicating stability in a challenging market. Investors are urged to consider their options as new analyses suggest a need for action regarding their holdings.
23:42 09.10.2024
UnitedHealth Group, CVS Health, and Cigna have filed motions to remove FTC Chair Lina Khan from an antitrust lawsuit regarding insulin pricing, claiming bias due to her public statements and appearances. They also seek the recusal of two other commissioners involved in the case. The lawsuit alleges that these pharmacy benefit managers engaged in unfair rebate practices that inflated insulin prices, while Khan's supporters defend her aggressive antitrust stance amid calls for her replacement from some wealthy donors.
Employer family premiums for health coverage rose by 7% in 2024, averaging $25,572, marking the second consecutive year of this increase. Employee contributions remained stable, averaging $6,296, while small firms faced higher deductibles compared to larger companies. Coverage for specific treatments like GLP-1 drugs and fertility services varies significantly between large and small employers, with many not offering comprehensive benefits.
Bitcoin's price faces pressure following the Federal Reserve's recent statements, with a target of $60,000 in sight. The Fed's minutes revealed no commitment to a specific pace for future rate cuts, despite a recent reduction of 50 basis points. Investors are now looking to upcoming US inflation data for further direction.
IG
21:42 09.10.2024
Liechtensteinische Landesbank (LLB) successfully issued a senior preferred bond worth CHF 200 million with a 10-year term, reflecting strong confidence from Zürcher Kantonalbank and UBS. Despite a slight share price decline of 0.33% to EUR 75.75, LLB's year-on-year performance shows a 13.48% increase, with a dividend yield of 3.75%, slightly below the industry average. The bank reported a 20.26% return last year, outperforming the financial sector average.
21:00 09.10.2024
UBS Asset Management plans to sell $5 billion in assets from its Trumbull Property Fund to address $5.7 billion in redemption requests, with projections to reduce the queue to $600 million by 2026. The firm aims to lower its exposure to multifamily and industrial assets while increasing investments in alternatives like life sciences and self-storage. Despite anticipated disposals reducing net asset value to $6.4 billion by 2027, UBS expects lease rates to rise to 95%.
20:05 09.10.2024
Copper prices have dipped below the critical USD 10,000 per tonne mark amid skepticism regarding China's economic stimulus measures. The People's Bank of China has announced interest rate cuts to support the struggling economy, but investor confidence remains shaky as new challenges arise.Additionally, upcoming US inflation data could influence market dynamics, with expectations of a slight decrease in consumer prices, potentially impacting interest rate outlooks and benefiting industrial metals like copper.
IG
19:27 09.10.2024
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