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Zurich's Paradeplatz is transforming into an entertainment hub with new projects underway, including the renovation of the UBS building at Paradeplatz 6, set to open in 2027 with shops and restaurants. The Mews House will feature an apartment hotel and wellness center, while a "Planet Swatch" flagship store is planned in the former Grieder location, enhancing the area's shopping and dining options.
Analysts have made several adjustments to their recommendations for various companies. Notable changes include Deutsche Bank lowering Air France-KLM's sell recommendation to EUR 8.50 and JPMorgan downgrading Arkema and BASF to Underweight with targets of EUR 68.50 and EUR 45, respectively. Meanwhile, Genfit received a Buy rating from Van Lanschot Kempen, targeting EUR 9, and Nexity was initiated with a Buy coverage by CIC, targeting EUR 12.
Apple enhances AirPods Max with lossless audio and AI leadership changes, while Tesla faces regulatory hurdles in China and legal issues in the US. Ford is under investigation for gear shifts in F-150 trucks, and Bank of America appoints a new head for India. In Europe, SAP surpasses Novo Nordisk in market value, and Bayer's stock drops after a significant jury verdict. BYD reports a substantial profit increase, and Toyota delays its battery factory project while starting a recycling facility.
The MarketingPulse and eTailingPulse conferences, held by the Hong Kong Trade Development Council, attracted over 1,600 industry professionals from 22 countries, focusing on evolving marketing and e-commerce trends. Key discussions included the role of data and AI, the ASEAN market potential, and strategies targeting Gen Z consumers in Mainland China. The event featured insights from 80 international leaders and facilitated over 160 business matching meetings, enhancing networking opportunities within the industry.
The CAC 40 index has stalled below its record high of 8250 points after a significant rally, reflecting a cautious market despite optimism from economic developments in Europe and China. While the upward trend remains intact, investors are advised to wait for a breach of 8250 points or a drop to around 7850 points before buying. Key resistance levels to watch are 8500 and 9000 points.
Alphabet is set to acquire Israeli startup Wiz for $32 billion, marking its largest deal to date, as it aims to enhance its cybersecurity offerings within the cloud computing sector. The acquisition, expected to close in 2026 pending regulatory approvals, will allow Wiz to continue serving clients across various cloud platforms, addressing potential antitrust concerns. Despite Alphabet's stock dip, analysts suggest the high price reflects Wiz's significant growth and the increasing demand for cybersecurity solutions.
Interest in Real World Asset (RWA) tokenization is surging, with Chainlink, Avalanche, VeChain, and Internet Computer Protocol leading social media mentions. Chainlink tops the list with 21,000 mentions, followed by Avalanche at 19,730, VeChain at 7,800, and ICP at 7,350. This growing engagement correlates with significant price surges for these assets, highlighting their potential in the evolving crypto landscape.
Global markets faced a downturn this week as rising government bond yields followed the US inflation data and the ECB's hawkish rate cut. European stocks showed mixed results, with consumer stocks rallying amid hopes for Chinese stimulus, while US markets were mixed, led by gains in technology shares despite losses in most sectors. In China, stock markets rallied on expectations of further stimulus measures.
Raffles Family Office has strengthened its Hong Kong team by welcoming former UBS executives Barry Tse and Cherie Liu. Tse will serve as Managing Director of Relationship Management, while Liu takes on the role of Head of Marketing and Communications, bringing extensive experience from UBS and Credit Suisse. Additionally, the firm has made several key appointments, including Chris Chong as a board advisor and Terence Chow as Chief Operating Officer, reinstating the COO role after a vacancy since 2021.
Bernard Arnault, head of LVMH, denied involvement in an alleged espionage scheme targeting French MP François Ruffin during a court appearance. Prosecutors claim that former security chief Bernard Squarcini spied on Ruffin at LVMH's request, using state resources, while Arnault attributed the actions to a deceased former executive. He criticized Ruffin for using the trial for personal gain, asserting he was unaware of any wrongdoing.
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Zurich's Paradeplatz transforms into vibrant hub for shopping and dining
16:25 27.03.2025
analysts downgrade recommendations for major companies ahead of market opening
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04:27 29.11.2024
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