Bitcoin's market capitalization has reached $2.03 trillion, bolstered by the approval of spot ETFs in the US, which has attracted institutional investors. While its value surged 125% in 2024, volatility remains a concern, with potential corrections expected. The incoming Trump administration may introduce favorable regulations, further integrating bitcoin into mainstream finance, but geopolitical tensions and economic uncertainties could impact investor sentiment.
Donald Trump's potential return to the presidency could lead to a more dynamic US economy, with higher growth and inflation, according to economists. While sectors like energy, defense, and technology may benefit, concerns about geopolitical tensions and a fragile transition period could create market volatility. Experts warn of Trump's desire for greater control over monetary policy, raising questions about the integrity of the US financial system and democratic institutions.
The Swiss stock market remains in the red, with the SMI index dropping further below 12,100 points despite UBS's strong quarterly performance. A weaker-than-expected US JOLTS report raises concerns about the labor market and the Federal Reserve's next moves, while European GDP figures show modest growth in France and Germany. Among Swiss stocks, Sandoz leads gains, while Swatch Group and Straumann face significant losses amid negative analyst coverage.
The Swiss stock market opened lower on Thursday, influenced by a slowdown in consumer price inflation, which rose by 0.8% year-on-year in September. The leading SMI index fell by 0.20%, with 25 of the 30 major stocks declining, while Sandoz, Novartis, and Givaudan were among the few gainers. Analysts anticipate a potential rate cut by the Swiss National Bank in December 2024 due to declining inflation forecasts.
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