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The Swiss stock exchange SIX has signed a Memorandum of Understanding with the China Construction Bank Corporation (CCB) to enhance cooperation in securities services and product development. This partnership aims to explore new business opportunities as Chinese firms increasingly view Switzerland as an alternative to U.S. exchanges. UBS, which holds a significant stake in SIX, is driving this initiative amid a challenging environment marked by delistings.
US Treasuries are under pressure due to rising global public debt and increased odds of a Trump presidency, with markets anticipating higher Treasury supply from a growing deficit. Despite this volatility, the macroeconomic environment remains favorable for fixed income, supported by a resilient economy and expected interest rate cuts from the Fed, which could lower Treasury yields. Investment-grade corporate bonds are projected to deliver solid returns, prompting a recommendation for investors to allocate excess cash into quality fixed income assets.
JPMorgan and Goldman Sachs have differing outlooks on the US stock market's future. While JPMorgan anticipates a solid run for stocks, Goldman Sachs warns of a modest 3% annual return, citing high starting valuations and elevated Treasury yields that may divert investment into bonds and other assets.
UBS shares dipped 0.1% to CHF 27.98, making it one of the SMI's losers, with a trading volume of over 1.3 million shares. The stock is currently 2.86% below its 52-week high of CHF 28.78 and 25.38% above its low of CHF 20.88. The dividend forecast for this year is USD 0.823, up from CHF 0.640 last year, while Q3 2024 results are expected on October 30, 2024.
The global convergence in healthcare market is projected to grow from $126.2 billion in 2023 to $304.5 billion by 2031, with a CAGR of 11.78%. North America leads this market due to its advanced healthcare infrastructure, while Europe is expected to experience the fastest growth driven by rising coronary artery disease rates. Recent innovations include real-time health monitoring systems and integrated patient monitoring solutions from major companies like Philips and Honeywell.
As the US economy shifts towards a "no-landing" scenario, private equity is expected to regain its lead over public equities, despite recent underperformance. With valuations stabilizing and borrowing costs likely to fall, discerning investors may find better opportunities in private equity, which historically outperforms public stocks by 2.5 percentage points over the business cycle. Additionally, alternative assets like private infrastructure and debt can enhance portfolio diversity and resilience.
UBS projects the EUR/USD currency pair to rise toward 1.16 by 2025, despite short-term volatility influenced by the upcoming US election and recent economic data. The firm advises investors to sell USD strength, particularly if Trump wins, while maintaining a positive outlook for European growth. They see the recent dip below 1.10 as a chance to reduce USD exposure, with key support at 1.08 and resistance at 1.12 and 1.15.
Goldman Sachs Chief U.S. Equity Strategist David Kostin has released a new report that presents a gloomy yet not catastrophic 10-year stock market forecast. This outlook is generating significant discussion on Wall Street as the week begins, emphasizing a cautious approach rather than panic.
UBS forecasts a volatile EUR/USD currency pair, expecting it to rise to 1.16 by the end of 2025, despite short-term risks from the US election. The bank advises selling during USD strength phases, particularly if Trump wins, while maintaining a positive outlook for European growth. Recent US labor market strength and ECB rate cuts are influencing the currency dynamics, with key support at 1.08 and resistance at 1.12 and 1.15.
UBS forecasts a volatile period for the EUR/USD currency pair, expecting it to rise to 1.16 by the end of 2025, despite short-term risks from the US election. The firm advises selling during US dollar strength, particularly if Trump wins, while anticipating a rebound in European growth that could positively impact the euro. Investors are encouraged to view recent dips below 1.10 as opportunities to reduce USD exposure, with key support at 1.08 and resistance at 1.12 and 1.15.
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