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Elon Musk has warned that President Trump's newly announced 25% tariffs on imported vehicles will significantly impact Tesla due to its reliance on foreign-made parts. While Tesla assembles cars in the U.S., many components are sourced internationally, leading to increased costs. The tariffs, effective April 3, aim to protect American jobs but have raised concerns among key trading partners and could destabilize the global auto market.
Germany's export surplus rose to 239.1 billion euros in 2024, despite a 1.2% decline in total exports. The USA has become Germany's most important trading partner, surpassing China, while tariffs proposed by the US could significantly impact the German automotive industry. Concerns over a potential trade war loom, with predictions of economic shrinkage and job losses in Germany.
The USA has regained its position as Germany's most important trading partner, surpassing China for the first time since 2015, with trade volumes reaching 252.8 billion euros. However, potential tariffs on German exports, particularly in the automotive sector, pose significant risks to this relationship and could impact the German economy adversely. Meanwhile, Germany's export surplus increased to 239.1 billion euros, despite a decline in overall exports and imports.
UBS analysis indicates a strong likelihood of the CDU/CSU alliance winning the majority in the upcoming German elections, with a 94% chance of securing the most seats and a 93% chance for Friedrich Merz as the next chancellor. Potential coalitions with the SPD or Greens could lead to a combined 69% of parliamentary seats, crucial for constitutional reforms like modifying the debt brake. Key debates among candidates are scheduled for February, with exit polls expected to provide early results on election night.
UBS analysis indicates a 94% chance that the CDU/CSU alliance will secure the most seats in the upcoming German elections, with a 93% likelihood of Friedrich Merz becoming Chancellor. Potential coalitions with the SPD or Greens could yield around 69% of parliamentary seats, but achieving a two-thirds majority for constitutional changes remains uncertain due to opposition from the AfD and Left Party. Key TV debates featuring leading candidates are scheduled for February, with initial election forecasts expected at 18:00 CET on election night.
UBS analysis indicates a 94% probability that the CDU/CSU will secure the most seats in the upcoming German elections, with a 93% chance of Friedrich Merz becoming Chancellor. A coalition with the SPD or Greens could yield around 69% of parliamentary seats, but a two-thirds majority for constitutional amendments remains uncertain due to opposition from the AfD and other parties. Televised debates among key candidates are set for February, with exit polls expected to provide early insights on election night.
EON SE's share price has faced significant pressure, dropping around 10% in January 2025 amid complications regarding the sale of its Romanian operations and investigations into potential Russian links. Despite this, analysts from Berenberg, Goldman Sachs, and UBS maintain "Buy" ratings, with target prices ranging from €15.90 to €17.00, citing strong growth prospects in the energy sector. The company successfully placed €1.75 billion in bonds, indicating robust market interest despite ongoing challenges.
The Parliamentary Commission of Inquiry into the Credit Suisse disaster exposes a catastrophic failure by financial authorities, including FINMA and the national government, in managing the bank's significant losses and excessive bonus payouts. The handling of the crisis, culminating in the forced write-down of AT1 bonds, reflects gross negligence and leaves taxpayers vulnerable. As UBS emerges as the winner in this debacle, concerns mount over the inevitability of another banking crisis.
Christian Lindner, former Finance Minister of Germany, criticized the government's lack of action on Bitcoin and crypto regulation during a Bundestag address, urging for policy reforms to enhance Germany's competitiveness against the U.S. He highlighted missed opportunities and called for the inclusion of Bitcoin in national reserves. While his stance has support within the Free Democratic Party, some experts question his late advocacy after years in office.
BMW's earnings per share plummeted to €0.63 from €4.21 year-on-year, with revenue down 15.74% to €32.41 billion, reflecting ongoing challenges in the automotive sector. The company's stock has also seen a significant decline, trading at €67.26, well below its 52-week high of €115.35. Despite these setbacks, analysts maintain a positive outlook, with Bernstein Research rating BMW as "Outperform" and setting a target price of €86.
Robert Habeck
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Elon Musk warns Trump tariffs will significantly impact Tesla's costs
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ubs maintains buy rating for eon with target price of 16.20 euros
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16:39 17.01.2025
credit suisse disaster exposes failures of swiss financial authorities and regulators
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former finance minister calls for urgent bitcoin policy reforms in germany
USA
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10:00 17.12.2024
bmw shares decline amid challenging market conditions and disappointing earnings
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