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Pakistan has requested an additional 10 billion yuan (USD 1.4 billion) loan from China, having already utilized the existing 30 billion yuan (USD 4.3 billion) trade facility. Finance Minister Muhammad Aurangzeb sought to raise the currency swap agreement limit to 40 billion yuan during discussions with China's Vice Minister of Finance, Liao Min. This request marks another attempt to increase the debt limit, which has been declined by Beijing in the past.
The Swiss stock market showed broad recovery at the week's end, with Lonza and Logitech seeing increased demand, while oil prices rose significantly. In China, the Caixin/S&P Global PMI for manufacturing improved in October, indicating a slow economic recovery, though challenges remain in the labor market and consumer demand. The Shanghai Stock Exchange rose 0.6%, reflecting positive sentiment among major companies.
The global diabetic retinopathy devices market, valued at USD 12.47 billion in 2022, is projected to grow at a robust CAGR of around 30% through 2030, driven by rising diabetes cases and an aging population. Non-proliferative diabetic retinopathy is expected to dominate, while North America will lead regionally, with significant contributions from the APAC region due to its large diabetic population. Key players include F. Hoffmann-La Roche, Novartis, and Regeneron, focusing on innovative treatments and technologies.
Investors are increasingly favoring Chinese assets, betting on more stimulus despite potential escalated tensions post-US election. Whether Trump or Harris wins, expectations of continued support from Beijing for stocks remain strong, although concerns linger over the yuan's stability amid possible monetary easing.
Western Digital Corporation focuses on the development, manufacture, and marketing of hard disk drives under the Western Digital and WD brands. The company offers a range of internal and external drives for various devices, with net sales distributed across the United States (28%), China (24.3%), Asia (25.7%), Europe/Middle East/Africa (17.5%), and the Americas (4.5%). UBS has issued a neutral rating for the company.
Western Digital Corporation focuses on the development, manufacture, and marketing of hard disk drives under the Western Digital and WD brands. The company offers a range of internal and external drives for various devices, with net sales distributed across the United States (28%), China (24.3%), Asia (25.7%), Europe/Middle East/Africa (17.5%), and the Americas (4.5%). UBS has issued a neutral rating for the company.
UBS maintains an 'attractive' rating for gold, forecasting prices to reach USD 2,850/oz by March 2025, driven by central bank easing, geopolitical tensions, and a weakening US dollar. The demand for gold is bolstered by significant central bank purchases and a shift in investment strategies towards gold as a hedge against political volatility. As interest rates decline, a diversified portfolio with a 5% gold allocation is recommended to mitigate risks.
German Finance Minister Christian Lindner warned of potential retaliation if the U.S. initiates a trade war with the EU, emphasizing that such conflicts yield no winners. He highlighted the growing importance of the U.S. as a trading partner for Germany and cautioned against escalating tensions, particularly in light of proposed tariffs that could harm the German economy. Lindner urged diplomatic efforts to prevent a trade conflict, noting that the real issue lies with U.S.-China trade relations.
In 2023, the global art trade saw a 4% decline in sales volume, totaling $65 billion, largely due to geopolitical tensions and rising interest rates affecting high-value purchases. Despite a drop in average spending by collectors, optimism remains, with 91% expecting market growth in the next six months. The U.S. leads in millionaire distribution, while younger collectors show a reluctance to buy, favoring new galleries and emerging artists, with painting continuing to dominate sales.
Gold prices have reached a record high above USD 2,758/oz, marking a 32% increase this year, driven by central bank easing, US election uncertainty, and ongoing geopolitical conflicts. With expectations of further Federal Reserve rate cuts and continued central bank diversification into gold, prices are projected to approach USD 2,850/oz by March 2025. Investors are advised to maintain a diversified portfolio with a 5% allocation to gold, leveraging its hedging qualities amid a declining interest rate environment.
Chinese Yuan
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Pakistan seeks additional 10 billion yuan loan from China amid financial crisis
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10:33 27.10.2024
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diabetic retinopathy market poised for significant growth driven by rising diabetes cases
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western digital corporation receives neutral rating from ubs analyst
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17:55 25.10.2024
global art market faces decline as collectors shift spending habits
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15:14 25.10.2024
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