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UBS forecasts a volatile path for the EUR/USD currency pair, predicting it will rise toward 1.16 by the end of 2025, despite short-term risks from the U.S. elections. The firm advises selling during periods of dollar strength, particularly if Trump wins, while maintaining a positive outlook for European growth. Recent U.S. dollar recovery and ECB rate cuts highlight the contrasting economic conditions influencing the exchange rate.
Turkey’s state-owned Halkbank can face prosecution for allegedly conspiring to violate US sanctions against Iran, as ruled by a federal appeals court in Manhattan. This decision follows a previous ruling by the US Supreme Court, which stated that Halkbank is not immune from prosecution under US law. The ruling has led to a decline in the bank's shares.
The IRS has announced higher capital gains tax brackets for 2025, increasing the taxable income limits for long-term capital gains. For single filers, the 0% rate applies to those with taxable income of $48,350 or less, while married couples filing jointly qualify with $96,700 or less. Additionally, the standard deduction will rise to $15,000 for singles and $30,000 for joint filers.
Holger Frey and Bruno Azevedo are key figures in UBS Asset Management's Thematic Equities team, focusing on sustainable investment strategies. Frey, with a background in computer science and musicology, leads the Climate Solutions Equity strategy, while Azevedo specializes in fundamental analysis and portfolio management. Natural refrigerants like ammonia and carbon dioxide are gaining traction due to their low environmental impact and cost-effectiveness. Innovations in CO2 refrigeration systems are expected to enhance energy efficiency, particularly in North America, where adoption rates remain low despite significant growth potential.
The refrigerant market is undergoing a significant transformation due to environmental regulations aimed at replacing high global warming potential (GWP) substances with safer alternatives. The Montreal Protocol and the Kigali Amendment have catalyzed this shift, promoting the use of low to zero GWP refrigerants, such as CO2-based cooling systems, which are projected to grow from USD 48.5 billion in 2023 to USD 140.9 billion by 2030. This change is crucial for mitigating climate change and protecting the ozone layer.
The IMF has urged central banks to prioritize economic growth as inflation moderates, while warning that escalating regional conflicts and rising protectionism threaten the global economy. The Fund maintains a 3.2% growth forecast for this year but has downgraded its 2025 outlook from 3.3% due to concerns over productivity growth.
HSBC Holdings plc, a leading global banking group, generates revenues primarily from retail banking and asset management (41.2%), commercial banking (34.5%), and investment banking (24.3%). By the end of 2023, the group managed USD 1,611.6 billion in deposits and USD 938.5 billion in loans.
Apple Inc. focuses on designing, manufacturing, and marketing computer hardware and music media, with telephony products, primarily the iPhone, accounting for 52.3% of sales. Other segments include peripherals (10.4%), computers (7.7%), music media (7.4%), and various services (22.2%). Geographically, sales are led by the Americas (42.4%), followed by Europe-India-Middle East-Africa (24.7%) and China-Hong Kong-Taiwan (18.9%).
Apple Inc. focuses on designing, manufacturing, and marketing computer hardware and music support products. Its net sales are primarily driven by telephone products, particularly the iPhone, which accounts for 52.1% of revenue, followed by peripheral devices, computers, and music support. Geographically, sales are strongest in the Americas, followed by Europe and Asia.
UBS has maintained a "Neutral" rating for Apple, setting a target price of $236. Analyst David Vogt noted that weak customer figures from Verizon indicate a potential decline in iPhone demand. Apple's revenue is primarily driven by phone products, which account for over 52% of net sales.
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ubs forecasts euro dollar rise to 1.16 by end of 2025
16:07 22.10.2024
halkbank faces prosecution over alleged violations of us sanctions against iran
16:07 22.10.2024
irs announces increased capital gains tax brackets for 2025
16:05 22.10.2024
natural refrigerants drive sustainable cooling solutions in global markets
15:59 22.10.2024
natural refrigerants emerge as sustainable alternatives to harmful chemicals
15:59 22.10.2024
imf warns of economic risks from conflict and protectionism
15:56 22.10.2024
hsbc holdings maintains strong position with diverse banking revenue streams
15:48 22.10.2024
apple inc maintains neutral stance as product sales diversify globally
15:46 22.10.2024
apple inc maintains neutral rating with diverse product sales distribution
15:46 22.10.2024
ubs maintains neutral rating on apple with target price of 236 dollars
15:45 22.10.2024
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