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Raiffeisen Bank International AG (RBI) plans to repurchase EUR 650 million in Additional Tier 1 Notes and EUR 500 million in Subordinated Callable Notes, reflecting a strategic move amid ongoing challenges, including a Russian court blocking its subsidiary sale. Despite a net profit of EUR 856 million in 2024, RBI's outlook has been revised down due to increased provisions in Poland, while investor sentiment remains mixed, with a recent downgrade from "buy" to "accumulate" by Erste Group Research. The bank's shares currently yield 7.24%, outperforming the industry average, indicating a potentially lucrative investment.
Global markets opened the week cautiously, with Wall Street's tech stocks driving gains amid mixed sentiment. Investors are anticipating a 25 basis point rate cut from the Federal Reserve, supported by a strong US jobs report, while central bank meetings and US CPI data will be pivotal for future rate expectations. The US dollar found support at the 105.13 trendline, while the EUR/USD faces risks ahead of the ECB meeting, and the Japan 225 index shows potential for gains amid economic resilience.
The European Central Bank (ECB) is anticipated to announce a 25-basis point rate cut this week, with a potential larger reduction of 50 bp. This decision comes amid weak economic growth in the eurozone, particularly in Germany and France, and persistent inflation below the ECB's 2% target. Market expectations suggest further cuts could follow in 2025, with traders closely monitoring President Lagarde's comments for insights on future policy direction.
The FTSE 100 is approaching a six-week high of 8389, with support at 8290, while the DAX 40 has reached a record high of 20,476, nearing the 20,500 mark. The S&P 500 continues to trade below its recent peak of 6099, with expectations of range trading around 6100.
EUR/USD and GBP/USD are attempting to advance, while EUR/GBP is dropping towards key support levels. EUR/USD remains short-term bullish, with resistance above $1.0629 and support at $1.0461. GBP/USD faces resistance at $1.2811, with potential support around $1.2715.
Bitcoin's price history has evolved significantly since its inception, reaching $20,000 in 2017. Various platforms offer historical price data through APIs, including Nomics, CoinGecko, CryptoCompare, CoinMarketCap, and CryptoAPI, each with unique features and access conditions. These resources cater to different user needs, from beginners to commercial applications, providing extensive market data and historical insights.
Ethereum's price fell nearly 10% to $2,680 as investors realized over $2.5 billion in profits, leading to a spike in futures liquidations. Despite this, Ethereum ETFs saw record inflows of $836.8 million, indicating strong institutional interest. The cryptocurrency may find support near $3,550, with potential to retest its yearly high of $4,093 if it rebounds.
The rise of cryptocurrency investing has led to the emergence of various platforms catering to both novice and experienced investors. Notable options include Coinbase, known for its user-friendly interface and security features; Mudrex, which offers automated investment strategies; and Kraken, recognized for its robust security and diverse trading tools. Each platform presents unique advantages and challenges, making it essential for users to choose based on their individual needs and risk tolerance.
The pharmaceutical payback mechanism in Italy requires companies to reimburse 50% of any overspending beyond a low annual ceiling, which is often set below actual needs. Industry leaders argue that recent government measures, particularly Article 57, threaten innovation and drug availability by reducing company margins in favor of distribution. Calls for a review of the payback system emphasize the need for a sustainable approach that supports pharmaceutical production and addresses potential drug shortages.
UBS AG maintains a "Buy" rating for adidas shares with a target price of €280, despite recent tax and customs searches at several locations, which were anticipated. The stock rose 0.3% to €241.10, reflecting a potential upside of 16.13%. Since the start of 2024, adidas shares have increased by 31.3%, with Q4 2024 results expected on March 5, 2025.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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