{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
The DAX reached a record high of over 19,843 points, with investors shifting focus to the upcoming US non-farm payrolls report amid challenges in the French government. Economists anticipate strong job growth following a slump in October, influenced by recent hurricanes and strikes. Key US economic data, including the ISM manufacturing index and ADP employment figures, will also be closely monitored this week.
The OAT-Bund spread, currently just under 90 basis points, indicates market nervousness rather than panic regarding French yields, which remain stable despite falling European yields. Historical context shows that a spread of 70 basis points marked panic during the 2009 subprime crisis. Additionally, Standard & Poor's maintained France's AA- rating, providing a positive note amid concerns.
Alight, Inc. (NYSE: ALIT) announced that CFO Jeremy Heaton will present at the UBS Global Technology and AI Conference on December 4, 2024, at 12:15 p.m. MST in Scottsdale, Arizona. The presentation will be accessible via live webcast with replay options available. Alight is a leading provider of cloud-based human capital technology and services, supporting over 35 million individuals and their dependents.
Ioanna Archimandriti and Demis Stucki have been appointed to the Executive Committee of EFG International, effective December 1, 2024. Archimandriti, previously Global Head of Human Resources, will focus on talent development, while Stucki, the new COO, will drive global operations and digital strategy. CEO Giorgio Pradelli emphasized their roles in enhancing growth through talent and innovation.
A festive event in Flammersfeld celebrated the 175th anniversary of the "Flammersfelder Hülfsverein," founded by Friedrich Wilhelm Raiffeisen in 1849. Keynote speaker Dr. Ralf Kölbach emphasized the enduring relevance of the cooperative model, highlighting its role in fostering community and economic growth. The event featured performances, discussions, and acknowledgments of contributions from local leaders and organizations.
UBS analysts predict gold prices could reach $2,900 per ounce by the end of 2025, citing strong support despite recent profit-taking and a new Treasury Secretary viewed as a fiscal hawk. They anticipate continued volatility influenced by inflation, interest rates, and geopolitical tensions, while noting that investor allocations in precious metals remain low, indicating potential for growth in both gold and mining stocks.
The Dow Jones reached a record high above 45,000, while the Nasdaq 100 declined amid caution over tech stocks following Nvidia's mixed earnings. In the US, PCE inflation rose to 2.3% YoY in October, and consumer confidence improved, but durable goods orders fell short of expectations. Key economic indicators are set for release next week, including Australia's GDP and US non-farm payrolls.
UBS has faced criticism for its lack of transparency regarding its historical ties to slavery, despite evidence linking its predecessor institutions to the slave trade. Swiss historian Hans Fässler has urged UBS to acknowledge its colonial past, but the bank has dismissed these claims, citing a lack of evidence. Many company archives remain closed, hindering further research into the extent of Swiss financial institutions' involvement in slavery.
Gold trading is experiencing low momentum due to the Thanksgiving holiday, while German inflation has picked up, driven by base effects. The inflation rate rose to 2.2% year-on-year, with core inflation increasing to 3.0%. The dominant trading range for gold remains between $2,540 and $2,800, influenced by geopolitical uncertainties and central bank policies.
The EuroStoxx 50 is poised for a potential rebound as bond yields decline, despite recent challenges from China's economic issues and US tariff threats. Currently at around 4,700 points, the index presents an attractive buying opportunity, with resistance at 5,050 points and support at 4,650 points. Future performance will hinge on the global economic outlook and upcoming political developments in Europe.
Global Financial Events
SubCategory
15:00 02.12.2024
13:53 02.12.2024
13:30 02.12.2024
10:00 02.12.2024
CHORUSSAL e. V.
DEU
ALB
UKR
Klaus Köhnen
Stefan Zowislo
Friedrich Wilhelm Raiffeisen
Hanna Biedermann
Marcel Henn
Martina Beer
Josef Zolk
Show more
09:12 02.12.2024
United States Dollar
Barrick Gold Corp
NEWMONT
UBS
Agnico Eagle Mines Ltd
USA
Joni Teves
Scott Bessent
Show more
13:30 29.11.2024
Chinese Yuan
Japanese Yen
New Zealand Dollar
Australian Dollar
United States Dollar
NVIDIA Corporation
Reserve Bank OF NEW Zealand BANK
Reserve Bank of Australia
AUS
CHN
NZL
Show more
05:41 29.11.2024
United States Dollar
Euro
Swiss Franc
UBS
Société de Banque Suisse (SBS)
Union Bank of Switzerland (UBS)
Clariden Bank
Deutsch-Schweizerische Kreditbank
Credit Suisse High Yield Bond Fund, Inc.
CS. Barthoulot-Coaching SNC
CHE
CUB
USA
FRA
ESP
NLD
DNK
Ulrich Zellweger
Jakob Gsell
Alfred Escher
Hans Fässler
Sergio Ermotti
Christian Leitz
Show more
00:05 29.11.2024
17:43 28.11.2024
13:23 28.11.2024
Trending
Subcategory:
Stock Market Updates
Industry Trends
Corporate News
Banking Regulations
Global Financial Events
Finance Mergers & Acquisitions
Market Analysis and Predictions
European Securities and Markets Authority
Retail and Consumer Goods
Central Bank Actions
Industry Mergers & Acquisitions
Supply Chain Management
Inflation and Monetary Impact
Cryptocurrency Trends
Workplace Trends
CEO Changes
Cryptocurrency Markets
Banking & Investment Regulations
Corporate Social Responsibility
Government Policies
Countries:
Companies:
Currencies:
People:
Apple Inc.
Credit Suisse High Yield Bond Fund, Inc.
Samsung Biologics Co.,Ltd.
Spotify Technology S.A.
Michelin
Tesmec S.p.A.
UBS Group AG
SAP SE
UBS AG
SentinelOne, Inc.
Taiwan Semiconductor Manufacturing Co Ltd
JPMorgan Chase & Co.
Coinbase Global, Inc.
XIAOMI-W
Berner Kantonalbank AG
Thurgauer Kantonalbank
Basellandschaftliche Kantonalbank
Continental AG
Continental Aktiengesellschaft
SIEMENS HEALTHINEERS
United States Dollar
Euro
Swiss Franc
Chinese Yuan
British Pound Sterling
New Zealand Dollar
Australian Dollar
Singapore Dollar
Indian Rupee
Indonesian Rupiah
New Taiwan Dollar
South Korean Won
Vietnamese Đồng
Danish Krone
Canadian Dollar
Malaysian Ringgit
Hong Kong Dollar
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.