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UBS remains bullish on equities, asserting that while a speculative bubble is not dead, conditions for it are present. They predict no long-term recession, citing historical bear markets and targeting modest upside potential for major indices by year-end. Key conditions for a bubble include high P/E ratios and bond yields, which are not currently met.
Citigroup has received a mix of ratings from analysts, with StockNews.com upgrading it to "buy" and Morgan Stanley lowering its price target to $109.00. Insider trading activity includes CFO Mark Mason selling over 58,000 shares, while institutional investors hold 71.72% of the stock. The company recently announced a quarterly dividend of $0.56 per share and a $20 billion share buyback plan, indicating confidence in its valuation.
Gold prices have surged to a new record high, buoyed by political uncertainty and the impact of upcoming US tariffs, which may affect imports from Canada. The widening price gap between Comex and London spot prices indicates ongoing support for gold, especially as potential weak US economic indicators could lead to further interest rate cuts by the Fed.
Citigroup Inc. reported a 1.7% decline in stock price, opening at $73.20, with a market cap of $137.78 billion. The company announced a quarterly dividend of $0.56 per share and initiated a $20 billion share buyback plan, reflecting confidence in its stock value. Analysts project an EPS of 7.53 for the current year, with recent earnings surpassing estimates.
Raiffeisen shares, traded on the Vienna Stock Exchange, have significantly appreciated over the past three years. An initial investment of EUR 100 in Raiffeisen shares, priced at EUR 12.54 three years ago, would now be worth EUR 209.89, reflecting a 109.89% increase, with the current share price at EUR 26.32. Raiffeisen's market capitalization recently reached EUR 8.68 billion.
UBS remains bullish on equities, noting that while a speculative bubble is not dead, key conditions for it are present. The bank asserts that there will be no long-term recession or bear market, projecting modest gains for major indices by year-end, with potential increases of 1-6%.
Goldman Sachs forecasts that Türkiye's central bank may raise its key interest rate by up to 350 basis points at the upcoming Monetary Policy Committee meeting on April 17, following a recent cut to 42.5%. This significant hike aims to reinforce the commitment to disinflation and stabilize the economy, despite potential risks to growth and borrowing costs. The report also highlights concerns over the threat of dollarization, which could undermine monetary policy effectiveness, while expressing cautious optimism due to Türkiye's strong foreign exchange reserves.
The Central Bank of Oman will implement the International Bank Account Number (IBAN) for domestic transactions starting 1st July 2025, aiming to enhance transaction efficiency and security. Following the successful introduction of IBAN for international transfers in March 2024, the CBO will require all incoming international transactions to include an IBAN, discontinuing those that do not. Local banks are tasked with educating customers on the benefits of IBAN to ensure a smoother banking experience.
Goldman Sachs has revised its forecast for a rate cut by the Reserve Bank of Australia, moving it from April 1 to May 20. All 39 economists surveyed by Reuters anticipate that the cash rate will remain unchanged at 4.10% during the upcoming meeting on April 1.
Goldman Sachs has revised its forecast for a rate cut by the Reserve Bank of Australia, moving it from April 1 to May 20. The RBA is expected to maintain the cash rate at 4.10% during its upcoming meeting on March 31 and April 1, as all 39 economists surveyed anticipate no change.
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ubs maintains bullish outlook despite bubble concerns and bear market history
11:16 28.03.2025
citigroup receives mixed analyst ratings amid insider selling and stock performance
11:14 28.03.2025
gold prices soar amid political uncertainty and us tariff concerns
11:00 28.03.2025
citigroup reports earnings beat and announces share buyback plan
10:54 28.03.2025
Raiffeisen investment yields significant profit over three years
10:27 28.03.2025
ubs maintains bullish outlook despite bubble concerns and bear market history
10:12 28.03.2025
turkish central bank may raise interest rate by 350 basis points
08:01 28.03.2025
central bank of oman to implement iban for domestic transactions in 2025
03:55 28.03.2025
goldman sachs revises rba rate cut forecast to may 20
03:02 28.03.2025
goldman sachs revises rba rate cut forecast to may 20
03:02 28.03.2025
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