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stock market update smi slightly lower as autoneum shares slump
In Asian forex trading, the yen remained stable against the dollar ahead of the Bank of Japan's interest rate decision, while the dollar slightly rose against the yuan and Swiss franc. Oil prices dipped amid speculation of increased OPEC production, with North Sea Brent crude at $78.73 per barrel. US markets saw gains, with the Dow Jones up 0.3% and Netflix experiencing significant subscriber growth, boosting its shares nearly 10%. Concerns over Trump's tariff plans on Chinese imports weighed on the dollar, which faced headwinds as clarity on trade negotiations remained elusive.
analysts update recommendations and price targets for major european companies
Analysts have updated their recommendations for several companies, with notable changes including Accor's price target raised to EUR 54 and Legrand upgraded to buy with a target of EUR 125. UBS Group was downgraded to underperform, while Renault's target increased to EUR 68. Other adjustments include Michelin and Ipsen, both seeing target revisions.
switzerland's top ceos earn record salaries attracting global talent
Switzerland stands out as the highest-paying country for CEOs, with compensation packages that far exceed those in the USA and UK. The top earners, Severin Schwan of Roche and Juan Carlos Torres Carretero of Avolta, each earn 5.7 million francs, attracting corporate leaders from across Europe.