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UBS has swiftly lowered interest rates on money market accounts following recent cuts by the Swiss National Bank, reducing rates for personal and business clients from 0.85% to 0.65%. This rapid adjustment reflects the bank's immediate response to falling global interest rates, impacting various currencies as well. The bank's ability to quickly adapt its systems highlights the significant financial implications of these changes, retaining a notable interest rate difference calculated in billions.
First Sentier Investors has appointed Hendrik Neumann as Institutional Business Development Director in Frankfurt to enhance its institutional client base in the DACH region. With 15 years of asset management experience, Neumann will focus on expanding relationships with pension funds, insurance companies, and family offices in Germany, Austria, and Switzerland. The firm, managing €141 billion globally, is owned by Mitsubishi UFJ Financial Group.
SAP shares reached a new record high of EUR 223.20 following strong quarterly results, closing up 2.1% at EUR 215.25. The stock has established resistance at the new high, while potential support levels are identified around EUR 210.75 and EUR 201.24, with further corrections possible if the trend reverses.
The sentiment towards China is shifting, with expectations of a major policy pivot aimed at curbing deflation and supporting growth. While the Chinese market shows potential, particularly in internet stocks, the focus is on increasing allocations in Asia ex-Japan equities, especially in India, which remains a fast-growing economy despite recent slowdowns. Investors are encouraged to capitalize on market dips for strategic asset allocation.
UBS has maintained a 'Buy' rating for Totalenergies, setting a target price of 67 euros. Analyst Henri Patricot noted that the company's recent strategy, particularly regarding its liquefied natural gas business, has improved the risk/reward ratio, making the outlook more favorable.
UBS has maintained its "Buy" rating for Deutsche Börse, setting a target price of 230 euros following the release of third-quarter figures. While sales slightly missed consensus estimates, lower costs helped align the operating result (EBIT) with expectations, according to analyst Michael Werner.
UBS has maintained its "Buy" rating for Deutsche Börse, setting a target price of 230 euros following the third-quarter results. While sales slightly missed consensus estimates, lower costs helped align the operating result (EBIT) with expectations, according to analyst Michael Werner.
UBS has maintained a 'Buy' rating for Deutsche Börse, setting a target price of 230 euros following the release of third-quarter figures. While sales slightly missed consensus estimates, lower costs helped align the operating result (EBIT) with expectations, according to analyst Michael Werner. As of the latest trading, shares are priced at approximately 213.20 euros, reflecting a decline of 1.80%.
UBS has maintained its "Buy" rating for Totalenergies, setting a target price of 67 euros. Analyst Henri Patricot noted that the company's recent strategy, particularly regarding its liquefied natural gas business, has improved the risk/reward ratio, indicating a more favorable outlook.
DWS Group reported net inflows of €18.3 billion ($19.8 billion) in the third quarter, reversing the €18.7 billion outflows from the previous quarter. The inflows, which exceeded analyst expectations, were primarily into lower-margin Xtrackers and active fixed-income funds amid market volatility. Additionally, the firm improved its cost guidance for the year, indicating a recovery in performance.
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ubs swiftly lowers interest rates in response to global cuts
08:44 23.10.2024
First Sentier Investors appoints Hendrik Neumann to boost DACH institutional business
Euro
First Sentier Investors (UK) IM Ltd.
Swiss Life Asset Managers
Mitsubishi UFJ Financial Group, Inc.
JPN
CHE
DEU
AUT
Sascha Beisheim
Emmanuel Litique
Hendrik Neumann
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08:29 23.10.2024
sap shares reach record high following strong quarterly results
08:22 23.10.2024
us election impact on markets and investment strategies in china and india
08:00 23.10.2024
ubs maintains buy rating for totalenergies with target price of 67 euros
07:58 23.10.2024
ubs maintains buy rating for deutsche börse with target price of 230 euros
07:20 23.10.2024
ubs maintains buy rating for deutsche börse with target price of 230 euros
07:20 23.10.2024
ubs maintains buy rating for deutsche börse with target price of 230 euros
07:20 23.10.2024
UBS maintains buy rating for Totalenergies with target price of 67 euros
07:11 23.10.2024
DWS reports 18.3 billion euros in net inflows amid market volatility
07:04 23.10.2024
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