{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Boris Collardi, Chairman of EFG International's Regional Asia Advisory Board, has appointed Urs Buchmann and Ashish Gumashta to strengthen the board. Buchmann, a former Vice Chairman at Credit Suisse in Hong Kong, and Gumashta, with extensive experience in the Indian market, will help drive EFG's growth strategy in Asia. As competition intensifies, particularly from Hong Kong and Singapore, EFG aims to expand its presence in the booming Asian wealth market.
EFG Bank AG has appointed Dr. Urs Buchmann as Vice Chairman and Ashish Gumashta as a member of its Regional Asia Advisory Board. With extensive experience in Greater China and the Indian market, respectively, they will guide the bank's growth strategy in the Asia Pacific region. EFG's leadership expressed confidence in their ability to enhance the bank's offerings and capitalize on emerging opportunities.
EFG Bank AG has appointed Dr. Urs Buchmann as vice chairman and Ashish Gumashta as a member of its Regional Asia Advisory Board. Buchmann brings over 30 years of experience in Greater China, while Gumashta has a strong focus on the Indian market. Their expertise is expected to enhance EFG's growth strategy in the region.
AUD/USD is under pressure, slipping towards the August low of $0.6698 as traders favor the US dollar post-Columbus Holiday. Resistance levels are evident in EUR/JPY and USD/JPY, with the latter briefly surpassing ¥149.98 but struggling to maintain momentum. Key support for USD/JPY is found between ¥145.93 and ¥147.21.
The Dow Jones index has reached new record highs, defying typical October weaknesses seen in election years. Meanwhile, the Nikkei 225 has hit a three-month high, continuing its recovery from August's downturn, while the Hang Seng index faces declines due to disappointing stimulus expectations, with potential support levels at 20,370 and 19,789.
U.S. pre-market trading saw Etsy drop over 4% after a Goldman Sachs downgrade, while Coty fell more than 2% following disappointing preliminary results. In contrast, Doximity gained over 3% after an upgrade from Barclays. In corporate news, Ericsson surged over 8% on strong Q3 earnings, while Asian markets were mixed, with China's Shanghai Composite down 2.53% amid economic concerns, and Japan's Nikkei 225 up 0.77% on a weaker yen and positive Wall Street momentum.
Asian indices showed positive momentum, with the Nikkei rising 1.65% and the ASX up 0.88%, while the Hang Seng Index faces uncertainty due to unclear Chinese fiscal policies. The Straits Times Index remains resilient, supported by strong dividend yields and potential increases in quality listings, aiming for a retest of its September high.
UBS Asset Management maintains an overweight stance on Gilts and JPY, citing attractive valuations and the need for aggressive BoJ revaluation. In contrast, it is underweight on Japanese Government Bonds and Switzerland due to rising wages and expensive valuations, respectively. Emerging markets, particularly BRL and ZAR, are favored for their carry potential, while U.S. equities are seen as overvalued despite strong earnings.
The US presidential election, geopolitical tensions, advancements in artificial intelligence, and the unwinding of Japanese carry trades are poised to significantly impact financial markets, underscoring the necessity for a diversified portfolio. As US growth moderates and European growth accelerates, the balance of economic risks is shifting, with core bonds expected to provide stability amid easing inflation. The broadening of US corporate earnings may lead to a regional rotation in equity markets, highlighting the importance of preparedness for ongoing volatility.
Michigan's Consumer Sentiment preliminary reading is expected to rise to 70.9 in October, while key speeches from Fed officials are anticipated. In the bond market, the 10-year U.S. Treasury yield is at 4.092%. European markets are mixed, with the Euro Stoxx 50 futures down slightly, as investors await U.S. bank earnings and updates on China's fiscal stimulus. The U.K. economy showed growth in August, while Germany's inflation eased to 1.6%. Asian markets closed mixed, with Japan's Nikkei 225 rising on investor adjustments ahead of a holiday, while China's Shanghai Composite fell amid caution over potential stimulus measures. U.S. futures are down as the market awaits crucial PPI data and bank earnings.
Japanese Yen
Currency
Indian Rupee
Hong Kong Dollar
United States Dollar
Japanese Yen
Singapore Dollar
Credit Suisse Anlagestiftung
Julius Bär Gruppe AG
EFG International AG
Motilal Oswal Finvest Ltd.
IND
HKG
JPN
VNM
SGP
THA
MNG
CHN
BGD
Boris Collardi
Ashish Gumashta
Beat Schmid
Urs Buchmann
Giorgio Pradelli
Show more
08:30 16.10.2024
United States Dollar
Indian Rupee
Japanese Yen
Singapore Dollar
Julius Bär Gruppe AG
Credit Suisse Anlagestiftung
EFG Bank AG
Motilal Oswal Finvest Ltd.
SGP
MNG
BGD
VNM
JPN
IND
THA
HKG
Dr. Urs Buchmann
Ashish Gumashta
Show more
08:28 16.10.2024
Indian Rupee
United States Dollar
Singapore Dollar
Vietnamese Đồng
Japanese Yen
Motilal Oswal Finvest Ltd.
Julius Bär Gruppe AG
EFG Bank AG
Credit Suisse Anlagestiftung
HKG
JPN
SGP
VNM
THA
BGD
IND
MNG
Ashish Gumashta
Urs Buchmann
Alexander Classen
Boris Collardi
Show more
08:10 16.10.2024
00:04 16.10.2024
Hong Kong Dollar
United States Dollar
Japanese Yen
DOW Jones & Compagny Inc.
Nikkei 225
Hang Seng Bank Limited
JPN
CHN
USA
Show more
00:04 16.10.2024
Euro
Chinese Yuan
United States Dollar
Japanese Yen
Telefonaktiebolaget LM Ericsson (publ)
UnitedHealth Group Incorporated
Enerpac Tool Group Corp.
Mercantile Bank Corporation
Enphase Energy, Inc.
Fuji Soft Incorporated
J.Jill, Inc.
Equity Bancshares, Inc.
Tokyo Metro Co. Ltd.
Hancock Whitney Corporation
Coty Inc.
Sono-Tek Corporation
The Goldman Sachs Group, Inc.
Inner Mongolia Xingye Silver & Tin Mining
Walgreens Boots Alliance, Inc.
Bank of America Corporation
J.B. Hunt Transport Services, Inc.
Penguin Solutions, Inc.
FB Financial Corporation
Fulton 2000 Partners LP
The Charles Schwab Corporation
Citigroup Inc.
Albertsons Companies, Inc.
Pinnacle Bank
Omnicom Group Inc.
State Street Corporation
United Airlines Holdings, Inc.
Doximity, Inc.
The PNC Financial Services Group, Inc.
Interactive Brokers Group, Inc.
Joe Biden
Donald Trump
Shigeru Ishiba
Show more
11:42 15.10.2024
United States Dollar
Japanese Yen
Bank of Japan
Federal Reserve Bank of Boston N.A.
JPN
CHN
USA
Show more
04:43 15.10.2024
Chinese Yuan
United States Dollar
Japanese Yen
Apple Inc.
MSCI Inc.
UBS SA
Bank of America Corporation
J.P. Morgan Alternatives Advisor Inc.
USA
CHN
DEU
Donald Trump
Jerome Powell
Xi Jinping
Show more
09:00 14.10.2024
07:00 14.10.2024
Euro
British Pound Sterling
United States Dollar
Chinese Yuan
Japanese Yen
J Sainsbury plc
JPMorgan Chase & Co.
Guotai Junan Securities Co., Ltd.
General Motors Company
Haitong Securities Co., Ltd.
Fast Retailing Co., Ltd.
Wells Fargo & Company
The Bank of New York Mellon Corporation
CHN
JPN
USA
GBR
DEU
Ryozo Himino
Lorie Logan
Austan Goolsbee
Elon Musk
Michelle Bowman
Show more
11:38 11.10.2024
Trending
Subcategory:
Cryptocurrency Markets
Stock Market Updates
Cryptocurrency Trends
Central Bank Actions
Market Sentiment Analysis
Inflation Rates & CPI Data
Cryptocurrency & Blockchain Regulations
Decentralized Finance (DeFi) Innovations
Mergers & Acquisitions
Banking Regulations
Corporate Responsibility & ESG
Cryptocurrency Regulations
Hedge Funds & Private Equity
Market Analysis and Predictions
Anti-Money Laundering (AML) Regulations
Tokenomics and Crypto Economics
SEC & Financial Compliance
Banking & Investment Regulations
Bond Market & Treasury Yields
Employment Reports
Countries:
Companies:
Currencies:
People:
Coinbase Global, Inc.
Apple Inc.
Solana USD
NVIDIA Corporation
BlackRock, Inc.
MicroStrategy Inc
Ripples USD
JPMorgan Chase & Co.
Novartis AG
Ethereum USD
Tesla, Inc.
Kraken Energy Corp.
Tether USDt CNY
The Goldman Sachs Group, Inc.
Bank of America Corporation
Credit Suisse Real Estate Fund Siat
Bitwise Bitcoin ETF
Capital One Financial Corporation
Moderna, Inc.
Grayscale Bitcoin Trust ETF
United States Dollar
Euro
Swiss Franc
Chinese Yuan
British Pound Sterling
Indian Rupee
Japanese Yen
Australian Dollar
South Korean Won
Russian Ruble
Canadian Dollar
Hong Kong Dollar
Bahamian Dollar
Malaysian Ringgit
United Arab Emirates Dirham
Swedish Krona
Thai Baht
Danish Krone
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.