Silver prices are nearing a 14-year high, approaching the significant $32.50 mark, driven by expectations of monetary policy easing in China and interest rate shifts in the U.S. Investors are closely watching upcoming speeches from Fed Chairman Jerome Powell and new U.S. economic data for potential market impacts. The recent stimulus measures from the People's Bank of China are also contributing to the bullish sentiment among silver investors.
IG
17:35 25.09.2024
The factory automation market, valued at $161.2 billion, is projected to grow at a CAGR of 8.6% from 2024 to 2032, driven by the need for increased production efficiency and reduced labor costs. Key players like ABB and Siemens are innovating with advanced robotic systems to address labor shortages and enhance product quality, particularly in the Asia Pacific region, which is leading in industrial automation adoption. The rise of Industry 4.0 and the Industrial Internet of Things (IIoT) further accelerate this transformative shift in manufacturing processes.
UBS Switzerland AG will conduct a capital increase with subscription rights for UBS Direct Residential from October 24 to November 1, 2024. Subscription rights will be traded on the SIX Swiss Exchange during this period. Additionally, distributions for UBS Direct Residential, UBS Direct Urban, and UBS PF Europe have been set based on the financial year ending June 30, 2024.
09:00 25.09.2024
Regula Berger will succeed Basil Heeb as CEO and Chairwoman of Basler Kantonalbank on March 1, 2025, after Heeb's decision to step down following six years in the role. Berger, 42, has been with the bank since 2019, serving as Deputy CEO and Head of Commercial Client Sales. Heeb will assist in the transition until the end of March 2025 before pursuing opportunities outside the Group.
09:00 25.09.2024
Commerzbank is seeking additional advice to counter a takeover attempt by Unicredit, with UBS and Goldman Sachs stepping in to provide support. Proposals on defensive strategies are expected to be ready by October, as reported by "Börsen-Zeitung" in Frankfurt.
09:00 25.09.2024
Luzerner Kantonalbank (LUKB) has expanded its crypto services, adding Chainlink and Polygon to its offerings, which already included Bitcoin, Ethereum, and USD Coin. Starting October 1, customers can transfer cryptocurrencies from other wallets to their LUKB accounts, with free transfers in and a fee for outgoing transactions. This move positions LUKB as a leading player in the cryptocurrency market, enhancing its appeal to investors.
09:00 25.09.2024
Basil Heeb is stepping down as CEO of Basler Kantonalbank (BKB) in March 2025, allowing Regula Berger to lead the bank into its new strategic period from 2026 to 2029. Heeb reflects on his six years in office, highlighting BKB's strengthened market position and commitment to its home market in Basel, while dismissing any connection to past issues at the Zurich branch. He plans to pursue external management opportunities post-resignation.
09:00 25.09.2024
The Federal Reserve's recent 50-basis point rate cut has sparked optimism in equity markets, with the S&P 500 reaching a record high and a year-to-date gain of 20.2%. This easing cycle is expected to support oil prices, projected to rise to around USD 87 a barrel by year-end, while gold has surged nearly 29% this year, potentially reaching USD 2,700 by mid-2025. However, the US dollar faces pressure as the Fed's cuts diminish its yield advantage, prompting investors to seek alternatives and diversify internationally.
09:00 25.09.2024
Ticino's Budget 25 reveals a projected deficit of 64 million francs, prompting the government to propose 71.98 million in savings, primarily affecting health insurance subsidies and education. The Grand Council faces pressure to confirm measures like the connection tax, while the Confederation's upcoming savings could further strain cantonal finances.
09:00 25.09.2024
Regula Berger will succeed Basil Heeb as CEO and Chairwoman of the Group Executive Board of Basler Kantonalbank on March 1, 2025, after Heeb's six-year tenure. Berger, currently Deputy CEO and Head of Commercial Client Sales, has been with BKB for six years and has extensive experience in the banking sector. Heeb will assist in the transition until the end of March before pursuing other opportunities.
09:00 25.09.2024
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