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UBS analysts highlight that tariff concerns, particularly with Colombia, may bolster the US dollar, supported by stronger US growth and divergent monetary policies. They recommend long positions in AUDNZD and short in CHFNOK, while noting potential volatility in currency markets influenced by tariff dynamics. Despite recent declines in option volatility, opportunities for yield pickup in GBP and JPY pairs remain attractive.
Microsoft's stock fell 3.4% to $429.15 amid a broader tech market decline influenced by concerns over the Chinese AI startup DeepSeek. Despite this drop, the Nasdaq 100 had previously gained approximately 25% in 2024, following a 50% increase in 2023. The company is set to release its Q2 2025 earnings on January 29.
Nordea Bank Abp reported growth in FY24, with attributable net profit and operating income reflecting its diverse banking services. The income distribution highlights personal banking at 38.9%, business banking at 29.2%, institutional and large corporate banking at 20.2%, and assets and wealth management at 11.7%. Geographically, income is sourced from Finland (24.9%), Sweden (27.3%), Denmark (26.5%), Norway (17.5%), and other regions (3.8%).
Meta's stock surged over 42% from February's low, reaching a high of $634.91, driven by enhanced advertising integration with Reddit and ambitious AI investment plans of up to $65 billion. Despite a recent decline due to competition from a Chinese AI model, analysts maintain strong buy ratings, with target prices ranging from $736 to $810. The company reported impressive Q4 earnings, exceeding expectations with $48.385 billion in revenue and $8.24 earnings per share.
Elon Musk declined a dinner invitation from Nicolai Tangen, CEO of Norway’s $1.7 trillion wealth fund, after the fund voted against his $56 billion pay package, which has since appreciated to around $100 billion. Musk expressed disappointment, stating, “friends are as friends do,” and questioned Tangen about potential media leaks of their messages. Tangen clarified that under Norway’s transparency laws, all communications are public, and he wished Musk luck as a shareholder.
Elon Musk declined a dinner invitation from Nicolai Tangen, head of Norway's $1.7 trillion oil fund, after the fund voted against his $100 billion pay package. Musk criticized Tangen for not being a good friend and expressed that attending would be "very difficult and expensive." Tangen clarified that the messages were public information and wished Musk well as a major Tesla shareholder.
Barclays has upgraded Tomra Systems ASA to an "overweight" rating, highlighting growth potential in its Collection business amid increasing adoption of Deposit Return Schemes in Europe. The price target for Tomra's stock has been raised to NOK 190, reflecting an 18% upside. Despite challenges in the Recycling and Food divisions, analysts expect strong financial performance, projecting 13% revenue growth and 24% adjusted earnings per share growth from FY2024 to FY2027.
Tomra's stock rose 5.5% to around NOK 172.3 after Barclays upgraded its recommendation to overweight, setting a target price of NOK 190. Analysts anticipate growth in Tomra's pawn business exceeding consensus for the quarter, though no short-term improvements are expected in the Recycling or Food divisions. The largest shareholder is Swedish investment company Latour, holding 21.1% of the capital and votes.
Barclays has upgraded Tomra Systems ASA from Equalweight to Overweight, raising the price target from NOK 165.00 to NOK 190.00, reflecting expectations of higher growth in the Collection business due to new Deposit Return Scheme legislation. This shift is anticipated to enhance demand for Tomra's recycling solutions, positioning the company for significant outperformance in the market. The new target indicates an approximate 18% upside potential from the stock's recent price.
UBS has raised its price target for Swedbank to SEK 264 from SEK 246, maintaining a Buy rating. Swedbank operates primarily in retail banking, generating 80% of its revenues, with significant operations in Sweden and the Baltic States, while also engaging in investment and asset management activities. As of the end of 2023, the Group managed SEK 1,230.4 billion in deposits and SEK 1,782 billion in loans, with a network of 408 branches.
Norwegian Krone
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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