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UBS has reduced its target price for Bechtle from 44.60 to 36 euros while maintaining a "Neutral" rating, citing increasing short-term challenges and a reduction in earnings estimates by up to five percent. In other news, a bidding war for Evotec is anticipated as Triton acquires a stake, with Halozyme offering 2 billion euros for the company. Meanwhile, the UK economy shows signs of stagnation, prompting government intervention, and the ECB's blockchain trials have been deemed a success by DekaBank.
The EUR/USD exchange rate has plummeted to a one-year low of $1.05, driven by a brighter U.S. economic outlook and a slowdown in eurozone inflation. This level, previously seen in April 2024 and November 2022, may signal a potential rebound, with targets set at $1.07 and $1.0950. A technical recovery is anticipated, contingent on U.S. employment data and European economic performance.
The EUR/USD exchange rate has plummeted to a one-year low of $1.05, driven by a brighter U.S. economic outlook and a slowdown in eurozone inflation. Technical analysis suggests a potential rebound, with targets set at $1.07 and $1.0950, contingent on upcoming economic data.
Moderna and Novavax stocks plummeted after President-elect Trump nominated Robert F. Kennedy Jr. to lead the Department of Health and Human Services, with shares of Moderna falling over 8% and Novavax nearly 2%. This decline follows Trump's remarks about allowing Kennedy to take a bold approach to healthcare, despite Kennedy's controversial stance against vaccines. Both companies have seen over a 20% drop in stock value in the past week.
China's singles' consumer spending festival appears to have bolstered October retail sales, while Japan's consumer spending showed unexpected strength despite negative export data. In contrast, the UK's industrial production figures were weak, and the US consumer is showing signs of recovery, with retail sales reflecting improved living standards amid concerns over future trade taxes.
U.S. markets are set to close the week lower as investors react to Fed Chair Jerome Powell's comments, which dampened expectations for a December rate cut. Despite a post-election rally, concerns over inflation and interest rates have overshadowed market enthusiasm, with the S&P 500, Dow, and Nasdaq all declining. Meanwhile, Japan's economy showed signs of recovery with a 0.3% GDP increase, while China's retail sales rose 4.8% in October, despite ongoing real estate challenges.
European markets are poised to open lower as investors digest U.S. Federal Reserve Chair Jerome Powell's hawkish remarks and await new U.K. GDP data, which showed a 0.1% growth in Q3, below expectations. The U.K. inflation rate fell to 1.7%, enabling a recent interest rate cut by the Bank of England. Meanwhile, Labour's Finance Minister announced reforms aimed at stimulating growth, with warnings of potential tax increases if progress is not made.
This week sees a continued rise in the US dollar amid a less dovish stance from the Federal Reserve, with rate-cut expectations for December dropping to 60%. Key earnings reports from companies like NVIDIA are anticipated, while the RBA and UK CPI data will be closely monitored for insights on inflation and monetary policy. Japan's core CPI shows signs of easing, but rising wholesale inflation raises concerns about future price pressures.
The Smart Home Healthcare Market is poised for significant growth, driven by increasing demand across various industries. A comprehensive report highlights key players, market trends, and future opportunities, while analyzing consumption patterns, pricing strategies, and the competitive landscape. The study also addresses challenges such as supply chain disruptions and evolving consumer preferences, providing insights for effective business strategies.
Argentina's President Javier Milei, known for his radical spending cuts, visited President-elect Donald Trump at Mar-a-Lago, praising Trump's victory as a significant political comeback. As Milei implements drastic budget reductions in Argentina, including a 32% cut in federal spending, he influences U.S. figures like Elon Musk, who aims to replicate similar cuts in the U.S. budget. Despite the severe economic impact in Argentina, forecasts suggest recovery may begin by 2025.
USA
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ubs lowers bechtle target price amid increasing market headwinds
Euro
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10:15 15.11.2024
euro hits one year low against dollar amid economic shifts
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euro hits one year low as us economic outlook improves
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Vaccine Stocks Plummet After Trump Nominates Kennedy for Health Position
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Global consumer spending trends show mixed signals across major economies
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08:30 15.11.2024
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global economic outlook as inflation data and earnings season unfold
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07:26 15.11.2024
smart home healthcare market analysis trends and growth opportunities 2024 to 2031
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07:20 15.11.2024
Milei and Musk advocate for drastic spending cuts in Argentina and the US
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07:14 15.11.2024
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