Avania has acquired Spanish medical technology CRO Anagram to enhance its presence in Southern Europe and expand its CRO offerings. Anagram, based in Barcelona, specializes in cardiology, oncology, and neurology, providing comprehensive clinical development services. This acquisition will strengthen Avania's capabilities and foster cross-selling opportunities in the growing MedTech market.
VP Bank shares experienced a slight decline of 0.33% on October 8, 2024, closing at EUR 75.50, following a 2.27% drop last month. Despite this, the stock offers an attractive dividend yield of 6.62%, based on a EUR 5.00 dividend for the 2024 financial year. Key valuation metrics indicate a P/S ratio of 1.25 and a P/E ratio of 17.36 for 2024, suggesting potential overvaluation and prompting shareholders to consider their next steps.
01:10 09.10.2024
The upcoming US Consumer Price Index (CPI) data, set for release on October 10, 2024, is expected to show further disinflation, with headline CPI projected to drop to 2.3% and core CPI to 3.1%. Market expectations suggest the Federal Reserve may implement 25 basis point rate cuts in upcoming meetings, contingent on the inflation data aligning with consensus. Meanwhile, the S&P 500 remains in a consolidation phase, with key support at 5,674, as geopolitical uncertainties and weak seasonality weigh on market sentiment.
IG
23:52 08.10.2024
EUR/USD and EUR/GBP are attempting to stabilize after recent fluctuations, with EUR/USD recovering from a seven-day decline and facing resistance at $1.1002. Meanwhile, AUD/USD is experiencing its fourth consecutive day of decline, reflecting ongoing market volatility.
IG
23:51 08.10.2024
The Dow Jones index has retreated below 42,000 as concerns over oil prices, rising yields, and a lack of new stimulus from China weigh on market sentiment. After holding near highs for two weeks, further declines could target the previous high of 41,382 and the 50-day simple moving average at 41,042. A close above 42,500 would indicate a potential resurgence of buyer control in the short term.
23:50 08.10.2024
Global hyperscalers are significantly increasing their capital expenditures (CapEx) for data centers, with spending intentions for 2025 to 2027 rising by 6% to $925 billion. Companies like Meta, Microsoft, Amazon, and Oracle anticipate higher investments driven by AI and cloud demand, while Goodman Group is poised to benefit from this trend with a strong development pipeline valued at $40-50 billion. Despite potential economic risks, the outlook for data center investments remains robust, supporting continued growth in the sector.
IG
23:43 08.10.2024
The Uri government has proposed a fixed salary cap of CHF 395,000 for the head of the Cantonal Bank of Uri (UKB), responding to a suggestion to limit the Executive Board's salaries to CHF 350,000. This move aims to regulate compensation within the bank's management.
21:31 08.10.2024
Global household wealth saw its first decline since 2008, with a 2.4% drop to USD 454.4 trillion in 2022, largely due to inflation and a stronger US dollar. The number of millionaires fell by 3.5 million, while projections indicate a 38% increase in global wealth by 2027, driven by growth in middle-income countries.
21:10 08.10.2024
Liechtensteinische Landesbank (LLB) has successfully issued a senior preferred bond worth 200 million Swiss francs with a 10-year term, reflecting strong confidence from Zürcher Kantonalbank and UBS. Despite a slight decline in share price to EUR 74.50, LLB has seen an 11.19% gain this year and plans a dividend of EUR 2.70 per share for 2024, yielding 3.88%. Investors are urged to consider their positions in light of recent analyses.
20:44 08.10.2024
Big U.S. banks are expected to report lower third-quarter earnings due to rising deposit costs, with net interest income declining for most, except Bank of America and Goldman Sachs. Consumer loan growth remains stagnant, and concerns over rising charge-offs persist. However, potential Fed interest rate cuts could improve profitability and investment banking revenue in the future.
20:32 08.10.2024
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