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us markets decline amid tariff fears and geopolitical tensions as gold surges
US markets are under pressure as fears of a trade war escalate with President Trump's impending tariffs affecting all countries. The Dow Jones and Nasdaq 100 indices have seen significant declines, while gold prices soar amid geopolitical tensions. Vaccine stocks also suffered, with Moderna and Biontech experiencing sharp losses.
London Stock Exchange appoints former Barclays equities chief to board position
The London Stock Exchange has appointed a former Barclays equities chief to its board, signaling a strategic move to enhance its leadership. This decision reflects the exchange's commitment to strengthening its governance and expertise in the financial sector.
ubs lowers london stock exchange price target but maintains buy rating
UBS has reduced its price target for the London Stock Exchange from 14,000 to 13,600 pence while maintaining a "buy" rating. Analyst Michael Werner highlighted the stock's attractive earnings growth despite recent underperformance, indicating it remains a worthwhile investment.
central banks maintain rates as markets react to economic signals
Central banks are in focus today, with the Bank of England expected to maintain its rate at 4.50%, while the Swiss National Bank may cut its rate to 0.25%. The Riksbank is anticipated to hold steady at 2.25%, with a dovish outlook possible. In the US, the Fed's recent meeting resulted in unchanged rates, leading to lower rates and a weaker USD, while global equities rose, particularly in the US.
ubs ceo sergio ermotti seeks clarity on government proposal
Sergio P. Ermotti serves as the CEO of UBS AG and holds various leadership roles, including Chairman of Investindustrial Acquisition Corp. and Swiss Re AG. His extensive experience includes previous positions at UBS Group AG, UniCredit SpA, and Merrill Lynch, among others, showcasing his influence in the financial sector. Additionally, he is involved with several foundations and organizations, emphasizing his commitment to global banking and economic development.
UBS AM launches Europe’s lowest-fee Nasdaq 100 ETF and ESG variant
UBS Asset Management has launched Europe’s lowest-fee Nasdaq 100 ETF, the UBS ETF Nasdaq-100 UCITS ETF (QQQE), with a total expense ratio of 0.13%. It also introduced the Nasdaq-100 ESG Enhanced UCITS ETF (QQQSI) at 0.15%, both listed on SIX Swiss Exchange and Deutsche Borse, with QQQE set to debut on the London Stock Exchange soon. These offerings provide investors with options for both traditional and ESG-screened exposure to the Nasdaq-100 index.
Sergio Ermotti to Receive 14.9 Million Sfr Compensation as UBS CEO
Sergio Ermotti, CEO of UBS AG, will receive a total compensation of 14.9 million Swiss francs in 2024. He holds multiple leadership roles, including Chairman of Investindustrial Acquisition Corp. and Swiss Re AG, and has an extensive background in banking and finance, having served in various executive positions across notable institutions.
UBS upgrades London Stock Exchange shares to buy with target price of 14000 pence
UBS has upgraded the London Stock Exchange (LSE) shares to "buy," setting a target price of 14,000 pence. Analyst Michael Werner noted the departure of the head of the Data & Analytics division after 18 months but views the recent share price dip as a buying opportunity, not a sign of weakness in the D&A business or its partnership with Microsoft.
hsbc partners with delta capita to enhance derivative post-trade services
HSBC has partnered with Delta Capita to enhance its derivative post-trade services through a multi-year agreement. Delta Capita will utilize its Infrastructure-as-a-Service model to provide global confirmation and settlement services for OTC derivatives, focusing on core operational aspects and KYC compliance. The collaboration coincides with HSBC's efforts to streamline its organizational structure by consolidating its wholesale banking operations under a unified Corporate Institutional Banking division.
ubs maintains buy rating on london stock exchange with strong growth potential
UBS has reiterated its Buy rating on London Stock Exchange Group (LSEG) shares, setting a price target of GBP135, indicating a potential 14% upside. The partnership with Microsoft is enhancing LSEG's data and analytics capabilities, although significant financial benefits are not expected until 2026. With a strong financial health score and consistent dividend payments, LSEG is poised for continued growth and a potential re-rating in market valuation.
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