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VanEck launches Celestia ETN for investors seeking TIA token exposure
VanEck has launched the VanEck Celestia ETN on Euronext Amsterdam and Paris, allowing investors to gain exposure to the TIA token, the native cryptocurrency of the Celestia network. This ETN, which replicates the MarketVector Celestia VWAP Close index, is fully collateralized and offers a regulated trading option, with a total expense ratio of 1.5 percent. As demand for TIA grows due to its utility in the Celestia ecosystem, the ETN represents a significant step towards broader institutional access to this innovative blockchain technology.
VanEck launches Celestia ETN to enhance access to TIA token investment
VanEck has launched the VanEck Celestia ETN on Euronext Amsterdam and Paris, allowing investors to engage with the TIA token, the native cryptocurrency of the Celestia network. This ETN, which tracks the MarketVector Celestia VWAP Close index, offers a regulated investment vehicle amid the growing demand for Celestia's services. However, investors should be aware of the significant volatility and risks associated with digital assets.
Goldman Sachs has revised its 12-month price forecast for Europe's STOXX 600 index, lowering it from 580 to 570. The adjustment is attributed to the potential effects of U.S. President Donald Trump's tariff plans on the market.
Euronext joins UBS global equity focus list amid strong growth prospects
UBS has added Euronext NV to its "30 for 30" global equity focus list, citing its potential to benefit from increased European trading volumes and volatility. The investment bank highlights Euronext's strong financial performance, with a 15.1% rise in adjusted EBITDA in 3Q24, and its strategic initiatives aimed at achieving over 5% revenue and EBITDA growth through 2027. Bank Mandiri was removed from the list due to ongoing margin pressures in Indonesia.
ubs adds euronext to global stock list amid positive growth outlook
UBS has added Euronext NV to its "30 for 30" global stock list, replacing Bank Mandiri, citing Euronext's potential to benefit from a recovery in European trading volumes and its strong financial performance, with a 15.1% increase in adjusted EBITDA in Q3 2024. The investment bank highlights Euronext's attractive valuation and growth initiatives, while noting risks related to market volatility and regulation. Other companies on the list include Microsoft, Alibaba, Meta Platforms, and Goldman Sachs, reflecting a focus on technology disruptors in rapidly transforming sectors.
analysts update recommendations and price targets for major european companies
Analysts have made several notable changes in recommendations and price targets for various companies. Abivax's target is reduced to USD 12, while Adecco Group is downgraded to Underperform with a target of CHF 19.50. Notable upgrades include Almirall to buy at EUR 10.45 and SGS SA to buy at CHF 99.
Deutsche Bank upgrades LSEG target amid positive long-term outlook for markets
Deutsche Bank has upgraded its long-term outlook for the London Stock Exchange Group (LSEG), raising its target price to 11,500p from 10,000p, despite a hold rating due to short-term challenges and EPS downgrades. Euronext remains the bank's top pick in the European financial market infrastructure sector, with solid growth potential, while Deutsche Boerse shows underlying growth resilience.
bitwise launches solana staking etp in europe amid us regulatory changes
Bitwise has launched a Solana staking ETP in Europe, trading under the ticker BSOL, which offers a 6.48% annualized return and is backed by Marinade. While the US currently prohibits staking rewards in ETFs, potential regulatory changes could pave the way for similar products, enhancing interest in the SOL ecosystem. This development reflects a growing appetite for altcoin-focused funds in Europe and optimism for future offerings in the US.
Analysts Update Recommendations and Price Targets for Key European Stocks
Analysts have made several notable adjustments to their recommendations and price targets for various companies. Allianz sees a downgrade from Jefferies, while Euronext and Fnac Darty receive upgrades. Kering remains underweight, and UBS Group's rating shifts from Outperform to Neutral. Other companies like Lonza and Soitec also see target price increases.
VanEck launches SUI ETN in Europe as token hits all-time high
VanEck Europe has launched a new exchange-traded note (ETN) based on the SUI token, allowing investors in over 15 European countries to gain exposure without direct ownership. This launch coincides with SUI reaching an all-time high of $3.43, reflecting strong market interest and confidence in its growth potential. The ETN is fully backed by SUI tokens and aims to provide a simple investment avenue into the innovative Sui blockchain, known for its efficiency and low transaction costs.
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