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Confidence in the Swiss financial economy is waning, with the economic outlook index dropping to -20.0 points in December, marking a seven-month decline. A survey reveals that 34.3% of experts anticipate worsening conditions, while 51.4% expect no change. Inflation expectations are mixed, with 45.7% predicting a decline, and 63.6% foresee a strengthening of the franc against the euro.
The U.S. Dollar rose by 0.28% on Monday, maintaining its position near a two-year high. This surge follows the Federal Reserve's indication of a gradual approach to rate cuts, which has bolstered the currency's strength, particularly after recent U.S. inflation data.
The U.S. Dollar rose by 0.28% on Monday, maintaining its position near a two-year high, following the Federal Reserve's indication of a gradual approach to rate cuts. This strength in the dollar persisted after the release of recent U.S. inflation data.
U.S. stock futures indicate a positive start on Wall Street, buoyed by recent inflation data and the avoidance of a government shutdown. The dollar remains strong due to high bond yields, while European markets face challenges amid political turmoil and a declining euro. Oil prices are pressured by a robust dollar and concerns over Chinese demand.
UBS economists predict the Federal Reserve will implement its next interest rate cut of 25 basis points in June, followed by another in September, totaling 50 basis points for 2025. This follows a recent cut that brought the target range to 4.25%-4.5%. The Fed's updated outlook indicates a more cautious approach, with potential adjustments extending through 2027, while the U.S. dollar is expected to remain strong amid political factors, despite signs of overvaluation.
UBS economists predict the Federal Reserve will implement a 25 basis point interest rate cut in June, followed by another in September, adjusting their forecast in light of a more hawkish dot plot. The Fed's recent cuts total 100 basis points since September, with a cautious outlook for future reductions amid stronger-than-expected economic growth and persistent inflation. The U.S. dollar has rallied, driven by political factors and interest rate movements, although UBS warns of potential overvaluation and limits to further strength.
Financial analysts' confidence in the Swiss economy has plummeted, with the UBS-CFA index dropping to -20.0 points in December, marking a seven-month decline. Only 14.3% of respondents foresee improvement, while 34.3% predict worsening conditions. Expectations for inflation and unemployment are also pessimistic, with a majority anticipating a rise in joblessness and a strengthening of the Swiss franc against the euro.
BingX has launched free SEPA and SEPA Instant euro deposit services, allowing users to make real-time euro payments without transaction fees. This enhancement enables seamless funding for traders, facilitating immediate responses to market opportunities and improving the overall trading experience. The exchange, serving over 10 million users globally, continues to innovate in the cryptocurrency space.
UBS has lowered its price target for Mazda Motor Corp to ¥900 from ¥1,000, maintaining a Sell rating due to anticipated declines in earnings per share (EPS) amid weak sales across Japan, Europe, and Asia, and increased competition in the U.S. market. The firm forecasts a 19% drop in EPS for the fiscal year ending March 2025 and an 11% decrease for March 2026, alongside a significant 25% year-over-year fall in operating profit for March 2026. Additionally, a 1% depreciation of the yen could boost EPS by 7.9%, highlighting currency sensitivity.
UBS has lowered its price target for Mazda Motor Corp to ¥900 from ¥1,000, maintaining a Sell rating due to anticipated declines in earnings per share (EPS) amid weak sales in Japan, Europe, and Asia, and increased competition in the U.S. market. The firm forecasts a 19% drop in EPS for the fiscal year ending March 2025 and an 11% decrease for March 2026, alongside a significant 25% year-over-year fall in operating profit for March 2026. Additionally, a 1% depreciation of the yen could boost EPS by 7.9%, highlighting currency sensitivity.
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