Former President Trump proposed tariffs of up to 2,000% on cars from Mexico, seen more as rhetoric than serious policy. A suggested universal 20% tariff on imports could disrupt the market, potentially raising consumer prices while risking a competitive disadvantage for US manufacturers. Meanwhile, Israel has assured the US it won't target Iranian oil facilities, easing oil price concerns.
Goldman Sachs analyst Chris Hallam has raised his price target for UBS shares from CHF 37.10 to CHF 38.70, maintaining a "buy" rating due to higher expectations for assets under management and anticipated progress in reducing operating expenses. Zürcher Kantonalbank (ZKB) acknowledges potential risks during UBS's integration of Credit Suisse but continues to rate UBS shares as "overweight." UBS is set to release its third-quarter figures on October 30.
As the election approaches, Vice President Kamala Harris and former President Donald Trump diverge on pharmaceutical policies. Harris aims to expand Medicare's drug price negotiations and has garnered significant industry support, while Trump has shifted to align with industry lobbyists, distancing himself from previous commitments to lower drug prices and eliminate rebates. The pharmaceutical sector faces critical stakes in the upcoming election, with contrasting visions from the two candidates.
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.
Coinbase shares are experiencing high demand, driven by expectations of interest rate cuts from the ECB and Fed, alongside supportive measures from China for its economy. As investors eye the upcoming U.S. presidential election, Donald Trump leads Kamala Harris in polls, with the critical $200 mark for Coinbase shares in focus.
The 2024 US elections could significantly influence stock market sectors depending on whether Donald Trump or Kamala Harris wins. A Trump presidency may boost energy, defense, and finance stocks, while a Harris victory could favor clean energy, healthcare reforms, and infrastructure spending. Each candidate's policies will shape the market landscape in distinct ways.
As the US presidential election approaches in early November, market volatility is expected to rise, particularly impacting Wall Street. Historically, there is a strong inverse correlation between the S&P 500 and the VIX, suggesting that as volatility increases, stock prices tend to fall. Traders can leverage this by taking short positions on the VIX while going long on the S&P, especially during the heightened volatility period surrounding the election.
The Veterinary Telehealth market is experiencing significant growth, driven by innovations and the introduction of value-added products. The research highlights market segmentation by type and application, competitive dynamics, and regional analysis, providing insights into current trends and future opportunities. Key players include Airvet, PetDesk, and Vetster, among others, as the industry adapts to evolving consumer needs and technological advancements.
Lumen Vietnam Fund maintains a positive outlook for the Vietnamese stock market through late 2024 and into 2025, driven by global monetary easing and optimistic domestic economic forecasts. The Vietnamese government’s regulatory reforms and proactive measures are expected to enhance investor confidence and corporate earnings, while the fund continues to focus on a diversified portfolio across key sectors. In September, the fund recorded a 1.58% return, aligning closely with the VN-Index's performance.
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.
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