Chevron shares have begun a bullish turnaround, breaking through the $150 resistance level amid rising oil prices driven by escalating geopolitical tensions between Israel and Iran. The stock's potential target is $165, but developments in the Middle East will be crucial for its trajectory, particularly if Iran's oil production is disrupted.
IG
15:04 07.10.2024
UBS economists have revised their 2025 GDP growth forecast for Switzerland down to 1.3% from 1.5%, citing a weaker eurozone economy as a key factor. While a recovery is expected compared to 2024's projected 1% growth, uncertainties remain regarding domestic demand and eurozone developments, with risks of a stalled recovery. Inflation is anticipated to decrease more sharply, with forecasts of 1.1% for the current year and 0.7% for 2025.
14:52 07.10.2024
Investors are gearing up for significant US inflation data and the start of the US reporting season, with key speeches from numerous Fed representatives expected to provide insights into monetary policy. The upcoming "FOMC Minutes" and inflation estimates suggest a potential decline in inflation rates, while producer prices and consumer confidence data will also be closely monitored. The reporting season kicks off with major banks like JPMorgan and Wells Fargo set to release their earnings.
IG
14:32 07.10.2024
UBS economists have revised their growth forecasts for the Swiss economy in 2025, now predicting a GDP growth of 1.3%, down from 1.5%. The slowdown in the eurozone is expected to hinder Swiss industrial recovery, while inflation forecasts have been adjusted to 1.1% for this year and 0.7% for 2025, supporting consumption outlook.
14:24 07.10.2024
UBS has reiterated its buy recommendation for Infineon, as reported by Cercle Finance and published by BOURSORAMA. The analysis is provided for informational purposes only, with BOURSORAMA maintaining a conflict of interest management policy to ensure objectivity in its investment recommendations.
12:21 07.10.2024
VPBank is enhancing its recruitment of young talent through the "Prosperity 2024" and "Future VPBanker" scholarship programs, offering nearly VND2 billion in scholarships to outstanding university students in business, finance, banking, and IT. The initiative aims to attract and develop future leaders, with nearly 100 scholarships available for 3rd and 4th year students across Vietnam. This effort aligns with VPBank's strategy to strengthen its position as a leading employer and contribute to the development of the country's future talents.
10:53 07.10.2024
Bitcoin's price has surged above $63,000, driven by strong US labor market data, which saw 254,000 new jobs added in September, lowering the unemployment rate to 4.1%. However, geopolitical risks and upcoming US inflation data could impact market sentiment and interest rate expectations. Investors remain hopeful for two interest rate cuts by the Federal Reserve this year, despite concerns over inflation potentially dampening this outlook.
IG
10:29 07.10.2024
The EUR/USD exchange rate sharply declined last week, falling below $1.10 as geopolitical tensions in the Middle East and a strong US employment report drove investors towards the dollar. The euro's retreat from $1.12 signals a bearish outlook, with key support levels at $1.0860 and $1.08. Upcoming US inflation data will be critical in shaping market expectations for Federal Reserve rate cuts.
IG
09:29 07.10.2024
The SNB's anticipated interest rate cuts aim to address a declining inflation rate, primarily driven by lower import prices, while domestic inflation remains high. However, these cuts are ineffective for managing the Swiss franc's value, as interest rates do not significantly influence currency demand. Instead, the franc's appeal stems from its status as a safe haven, necessitating potential foreign exchange market interventions to stabilize its value amidst ongoing upward pressure.
09:26 07.10.2024
STMicroelectronics faces a more pessimistic valuation outlook from UBS, as reported by AOF and published by BOURSORAMA. The analysis is provided for informational purposes only, with BOURSORAMA acting solely as a distribution channel and maintaining a conflict of interest management policy. The institution confirms no financial ties or conflicts that could influence the objectivity of the analysis.
09:00 07.10.2024
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