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In July, small caps outperformed despite tightening presidential race odds, as US short rates rose more than long rates, signaling a potential rate-cutting cycle. Political factors had limited impact on market trends, which were primarily driven by fundamentals and technical conditions, leading to a favorable cyclical outlook supported by strong GDP growth and easing monetary policy. However, increased volatility is expected in August and September, prompting a cautious reduction in equity exposure.
VP Bank shares experienced a slight decline of 0.33% to EUR 76.25 on October 3, 2024, despite a stable dividend policy, with a planned payout of EUR 5.00 per share, yielding 6.56%. The current P/E ratio of 10.37 suggests undervaluation compared to the forecasted 17.75 for 2024, while the stock remains 43.28% above its 52-week low, indicating potential recovery. A recent analysis urges shareholders to consider their next steps regarding buying or selling.
The EUR/GBP exchange rate rebounded sharply after dovish comments from the Bank of England governor, Andrew Bailey, suggesting potential interest rate cuts if inflation continues to improve. This shift in sentiment has led to a technical bullish pattern, indicating a possible short-term recovery for EUR/GBP, with key levels to watch at 0.84 and 0.85. Traders are advised to consider buying above 0.8350, targeting 0.8450 and 0.85, with a stop at 0.83.
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Campania's president, Vincenzo De Luca, and Guardia di Finanza commander, Alessandro Barbera, signed a three-year agreement to enhance transparency and efficiency in managing EU funds and the National Recovery and Resilience Plan. The collaboration aims to prevent fraud and ensure legality in public works, emphasizing the region's commitment to integrity and effective governance. De Luca highlighted the importance of this initiative in reshaping perceptions of the South, showcasing its potential for transparency and efficiency in public spending.
Lombardy has been recognized as the best center for pharmaceutical manufacturing in Europe, scoring 9.7 in the CPHI European Manufacturing Rankings. The region is rapidly growing, competing with Germany in Active Pharmaceutical Ingredient production, and is a leading hub for advanced biologics, attracting significant global investment. Milan, hosting the CPHI event from Oct. 8-10, is set to gain over 120 million euros in local economic benefits, further solidifying its status as a key player in the pharmaceutical industry.
The Swiss stock market opened lower on Thursday, influenced by a slowdown in consumer price inflation, which rose by 0.8% year-on-year in September. The leading SMI index fell by 0.20%, with 25 of the 30 major stocks declining, while Sandoz, Novartis, and Givaudan were among the few gainers. Analysts anticipate a potential rate cut by the Swiss National Bank in December 2024 due to declining inflation forecasts.
Liechtensteinische Landesbank (LLB) demonstrates resilience in a challenging market, with its share price at EUR 76.00, reflecting a slight decline of 0.65% but a notable annual increase of 14.29%. The bank plans to distribute a dividend of EUR 2.70 per share for 2024, offering a dividend yield of 3.55%, appealing to income-focused investors. Recent analyses suggest shareholders may need to consider their next steps regarding buying or selling shares.
Inflation in Switzerland slowed to 0.8% year-on-year in September, down from 1.1% in August, driven by a significant drop in tariffs for imported goods. The consumer price index fell by 0.3% month-on-month, raising concerns about potential deflation as local product prices rose and housing rents continued to increase. The Swiss National Bank has lowered its key rate to 1% and indicated that further monetary easing may be necessary amid geopolitical tensions and a strong franc.
Berner Kantonalbank (BEKB) experienced a slight share price decline of 0.21%, closing at EUR 243.00 on October 3, 2024, yet remains 2.26% above its 52-week low. The bank's market capitalization stands at EUR 2.3 billion, with an attractive dividend yield of 4.12% expected for 2024, highlighting its shareholder-friendly approach. A recent analysis suggests shareholders may need to consider their options regarding buying or selling the stock.
TradingView is an online platform that combines advanced charting tools and social networking for investors, offering real-time data and a variety of technical indicators for market analysis. Users can connect their IG Bank accounts for seamless trading, benefiting from a vibrant community and comprehensive resources. The platform provides both free and paid subscription options, catering to different trading needs without additional charges for IG Bank users.
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