{
}
Boliden shares rose over 3% after UBS upgraded the stock to a 'neutral' rating, citing a favorable outlook following the acquisition of Neves Corvo and Zinkgruvan. While the deal is expected to enhance earnings, challenges such as declining mined grades and a tough smelting outlook persist. UBS raised its price target to SEK310 per share, indicating a more balanced risk-reward profile despite ongoing hurdles.
UBS has upgraded Boliden AB's stock rating from Sell to Neutral, raising the price target to SEK310. Despite challenges like lower mined grades and potential equity issuance in 2025, the analyst highlights the positive impact of recent acquisitions and anticipated improvements in mining grades and smelter earnings. The assessment suggests a more balanced risk-reward scenario for Boliden moving forward.
Crypto exchange-traded products (ETPs) saw $585 million in inflows in the first three days of 2025, following a record $44.2 billion in inflows for 2024, driven primarily by Bitcoin ETPs. The total assets under management reached $160.6 billion, with the U.S. leading in inflows while Canada experienced significant outflows of $707 million.
Spotify's stock rebounded off its 50-day moving average, making it actionable after clearing a monthlong downtrend. Analysts expect the company to report earnings of $2.07 per share on February 4, with projections of adding 7.9 million premium subscribers in Q4, bringing the total to 259.9 million. Morgan Stanley and BofA Securities both label Spotify as a "top pick" for 2025, citing its market-leading position and potential for profitability.
Last week, digital asset investment products saw $308 million in inflows, despite a significant outflow of $576 million on December 19th, leading to a total of $1 billion in outflows over the last two days. Bitcoin ended the week with net inflows of $375 million, while multi-asset products faced losses of $121 million. The US led inflows with $567 million, while Switzerland recorded the largest outflows at $95.1 million.
The December market correction has led to a $17.7 billion drop in assets under management for crypto exchange-traded products (ETPs), with over $1 billion in outflows noted between Dec. 19 and 20. Despite this, digital asset funds recorded a positive net flow of $308 million for the week, driven primarily by Bitcoin, which attracted $375 million in inflows. While foreign markets faced significant outflows, the U.S. saw a notable influx, indicating a mixed sentiment in the digital asset landscape.
Despite a significant market correction, crypto investment products saw $308 million in inflows last week, led by Bitcoin, Ethereum, and XRP. Bitcoin attracted $375 million, while Ethereum and XRP garnered $51.3 million and $8.8 million, respectively. The U.S. dominated inflows with $567 million, contrasting with outflows in Germany and Switzerland.
Spotify's stock has surged to nearly $500, recovering from a low of under $80 at the end of 2022, following a significant business overhaul and a strategic pivot away from podcasts. The company is on track for its first full-year profitability, with a market cap soaring to about $100 billion from $15 billion two years ago. CEO Daniel Ek highlighted the company's improved gross margin, now at 31.1%, as evidence of strong execution and progress toward long-term goals.
A commission will present its findings today on the Credit Suisse-UBS merger, focusing on the actions of Swiss authorities during the crisis. Meanwhile, Switzerland and the EU are expected to officially conclude their negotiations, with key decisions on financial contributions and the free movement of persons anticipated. Other notable news includes ongoing investigations into a Chinese ship in the Baltic Sea and a tragic stampede in Nigeria that resulted in the deaths of 35 children.
Akash Network's AKT token has debuted as an Exchange-Traded Product (ETP) on Sweden's Spotlight Stock Market, marking its first entry into regulated equity markets. The Valour Akash SEK ETP, backed by underlying AKT tokens in secure storage, reflects growing institutional interest in decentralized infrastructure and offers a regulated investment vehicle for investors. This development follows a significant increase in user fees and the recent integration of credit card payments, enhancing accessibility to decentralized cloud computing.
SWE
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Boliden shares rise after UBS upgrades stock to neutral rating
12:02 07.01.2025
ubs upgrades boliden stock amid challenges and potential growth opportunities
09:43 07.01.2025
crypto etps see strong start in 2025 with 585 million inflows
01:33 07.01.2025
spotify stock rebounds as analysts predict strong growth and profitability
18:30 03.01.2025
bitcoin sees strong inflows while multi-asset products face significant losses
23:23 24.12.2024
December market correction leads to significant outflows in crypto ETPs
20:02 23.12.2024
crypto investment products see 308 million inflows despite market correction
Fidelity Contrafund
BlackRock, Inc.
Grayscale Investments LLC
SWE
AUS
CHE
CAN
USA
DEU
BRA
Jerome Powell
Show more
15:42 23.12.2024
spotify stock soars to record highs after major business overhaul
United States Dollar
Spotify Technology S.A.
SWE
Prince Harry, Duke of Sussex
Joe Rogan
Kim Kardashian
Daniel Ek
Show more
15:30 22.12.2024
investigation report on credit suisse takeover and eu negotiations conclusion
Credit Suisse Real Estate Fund Siat
Natoco Co., Ltd.
Tamedia AG
FIN
DNK
SWE
NGA
DEU
CHE
SYR
IRN
Janique Weder
Oleksandr Usyk
Joël François Mesot
Jeff Nathanson
Bashar al-Assad
Marco Kohler
Barry Jenkins
Ueli Maurer
Show more
07:06 20.12.2024
Akash Network Token Launches as Exchange-Traded Product on Swedish Market
01:00 20.12.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
Market Analysis and Predictions
CEO Changes
Banking Regulations
Industry Mergers & Acquisitions
Energy Sector Developments
Global Trade Developments
Startups & Entrepreneurship
Government Policies
Financial Scams and Security
Domestic Politics
Hedge Funds & Private Equity
Supply Chain Management
Central Bank Actions
Workplace Trends
Countries:
Companies:
Tesla, Inc.
Barclays PLC
JPMorgan Chase & Co.
Apple Inc.
UBS Group AG
Capital One Financial Corporation
NVIDIA Corporation
Bank of America Corporation
The Goldman Sachs Group, Inc.
Morgan Stanley
Commerzbank AG
Amazon.com, Inc.
Deutsche Bank RV Global PP
SpaceXCoin USD
Credit Suisse Real Estate Fund Siat
Wells Fargo & Company
Berkshire Hathaway Inc.
Citigroup Inc.
SAP SE
BNP Paribas SA
Currencies:
United States Dollar
Euro
Chinese Yuan
Indian Rupee
Swiss Franc
British Pound Sterling
Vietnamese Đồng
Hong Kong Dollar
Australian Dollar
Singapore Dollar
United Arab Emirates Dirham
South Korean Won
Thai Baht
Norwegian Krone
Danish Krone
Swedish Krona
Russian Ruble
Ghanaian Cedi
Canadian Dollar
Turkish Lira
People: