The Reserve Bank of New Zealand (RBNZ) has unexpectedly cut its official cash rate by 50 basis points to 4.75%, sending the New Zealand dollar to a seven-week low. This decision follows a previous 25 bp cut in August and reflects the Committee's confidence in controlling inflation within the target band.The RBNZ's dovish forward guidance suggests further rate cuts may occur, with the market pricing in an additional 40 bps for the next meeting. The NZD/USD has fallen over 4% this month, influenced by geopolitical tensions and a strong US jobs report, with critical support at the 200-day moving average of 0.6098.
IG
06:32 09.10.2024
Luzerner Kantonalbank has demonstrated steady dividend growth over the past decade, supported by a manageable payout ratio of 46.5% and a net profit of CHF 144.73 million in the first half of 2024. With a dividend yield of 3.89%, it remains a stable option for investors, despite being below the top Swiss payers. Recent valuations suggest potential undervaluation of its shares in the market.
06:15 09.10.2024
Luzerner Kantonalbank has demonstrated steady dividend growth over the past decade, supported by a manageable payout ratio of 46.5% and a net profit of CHF 144.73 million in the first half of 2024. With a dividend yield of 3.89%, it remains a stable option among Swiss banks, despite being below the top payers. Recent valuations suggest potential undervaluation of its shares in the market.
06:13 09.10.2024
Geopolitical tensions have ignited the energy market, with Brent crude oil surpassing $80 a barrel amid fears of potential strikes on Iran's oil infrastructure. Oil traders have shifted to a bullish stance, while concerns linger over China's declining demand, which has contracted by 1.7% year-on-year. In the Australian market, Santos shares are under scrutiny despite a recent upgrade to a BUY, while Woodside Energy shows a strong near-term rally but faces mixed recommendations from analysts.
IG
05:49 09.10.2024
The Hang Seng Index (HSI) experienced a significant 9.4% drop, its largest since 2008, amid disappointment over a lack of new stimulus measures, despite being up 24.7% year-to-date. Analysts suggest this pullback may allow for reassessment of recent policies and provide entry points for new investors. The index is currently testing a key Fibonacci retracement level, with potential buy levels identified at 19,965 and 19,632, while a broader upward trend may persist.
IG
04:34 09.10.2024
VPBank and LOTTE C&F Vietnam have signed a Memorandum of Understanding to collaborate on financial solutions, including co-branded cards and "Buy Now Pay Later" services, aimed at enhancing customer experience and wealth. This partnership will leverage digital financial solutions and technology platforms to support LOTTE's ecosystem, while VPBank aims to expand its market share among FDI clients in Vietnam.
03:57 09.10.2024
VPBank and LOTTE C&F Vietnam have signed a cooperation agreement to enhance financial solutions for LOTTE customers, focusing on co-branded card products and Buy Now Pay Later services. This partnership aims to leverage digital financial solutions and improve customer experience while expanding VPBank's market presence among FDI clients in Vietnam.
03:19 09.10.2024
Fraudsters are exploiting the integration of Credit Suisse and UBS, posing as representatives to deceive clients into sharing personal information or transferring funds. Clients are urged to remain vigilant and verify any communication by contacting their advisors directly before taking action. Additionally, insights into the evolving US-China relationship and Asia's electric vehicle market highlight significant trends that could impact investors over the next decade.
02:22 09.10.2024
The global semiconductor industry is shifting from a cyclical to a structural model driven by AI advancements. Following a strong rally in semiconductors, there is an opportunity to adopt a more structural investment approach in both the semiconductor and software sectors as the AI rally expands.
02:17 09.10.2024
US inflation data is in focus this week following a surprisingly strong jobs report, with expectations for headline inflation to dip to 2.3% while core inflation remains steady at 3.2%. The robust labor market, highlighted by a drop in the unemployment rate to 4.1%, may influence the Federal Reserve's future interest rate decisions, potentially shifting from larger cuts to smaller ones. As bank earnings season begins, major institutions like JPMorgan and Wells Fargo will report Q3 results, providing insights into profitability amid changing rates.
IG
01:34 09.10.2024
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