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The French government plans a 60-billion-euro budget effort for 2025, primarily through 40 billion euros in spending cuts and 20 billion euros in tax increases, aiming to reduce the deficit to 5% of GDP. Key measures include postponing pension indexation and tighter control on healthcare spending, alongside a focus on ecological transition with 1.5 billion euros allocated for greening initiatives. France's public debt, currently at 112% of GDP, poses significant risks, prompting calls for contributions from large corporations and wealthy citizens.
Idorsia's share price dropped 2.64% to EUR 1.604 on October 2, 2024, amid ongoing financial difficulties, including a negative price/earnings ratio of -0.93 and a net loss of EUR 300 million last year. With a market capitalization of EUR 303.2 million, investor concerns are mounting as they await the quarterly report on October 20, which may provide insights into the company's four drug candidates in clinical phase 3.
The SPI index on the Zurich Stock Exchange fell 0.18% to 16,103.02 points at midday, marking a weekly decline of 0.974%. Over the past year, the index has risen by 10.52%, with a current high of 16,557.98 points and a low of 14,455.60 points. Notable gainers include Schlatter Industries and Rieter, while HOCHDORF and Evolva are among the biggest losers.
UBS has raised its price target for Telenor, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that it has not influenced the analysis, which is provided for informational purposes only and does not carry contractual value. The institution maintains a conflict of interest management policy to ensure objectivity in its investment recommendations.
UBS Asset Management anticipates a soft landing for the global economy, favoring U.S. equities and European high-yield bonds in a volatile market. With central banks maintaining accommodative policies and a divided U.S. Congress likely to temper extreme measures, the firm sees potential in commodities like gold and emerging markets, while remaining cautious on European equities due to disappointing economic data.
In the ongoing Bulgarian money laundering trial, UBS maintains its innocence, asserting no connection to the accusations against Credit Suisse. A former banker involved with the Bulgarian Mafia expressed surprise at the lack of scrutiny from his previous employer, Julius Baer, regarding suspicious funds. The trial continues with closing arguments scheduled until October 10.
On Wednesday, the SPI index in Zurich fell 0.20% to 16,099.50 points, marking a decline of 0.996% since the start of the week. The index has risen 10.50% year-to-date, with a high of 16,557.98 points and a low of 14,455.60 points recorded this year. Schlatter Industries and Rieter led the gains, while HOCHDORF and Evolva faced significant losses.
Willbe, a digital asset management service by Liechtensteinische Landesbank, offers a call deposit account with competitive interest rates: 3.30% for euros, 4.25% for US dollars, and 0.85% for Swiss francs, applicable up to 50,000 euros. The account features quarterly interest crediting and is suitable for investors seeking flexibility and sustainability. Customers benefit from statutory deposit protection up to CHF 100,000 and can manage their accounts via an app.
The Liechtensteinische Landesbank (LLB) demonstrates stable performance amid market volatility, trading at EUR 76.50 with a forecast dividend yield of 3.88%. The share has seen a notable annual increase of 13.33%, reflecting investor confidence despite geopolitical uncertainties. Recent analysis suggests shareholders may need to consider their next steps.

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