{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Ukraine's banking system, while stable, is too small and undercapitalized to drive the country's post-war recovery, according to Oleksandr Pysaruk, Board Chairman of Raiffeisen Bank Ukraine. With total assets at about 60% of GDP and a loan portfolio at only 15%, significant recovery efforts will require attracting international creditors and investors, as the banking sector alone cannot meet the estimated $486 billion recovery costs. Pysaruk emphasizes the importance of maintaining a favorable corporate tax rate for banks and the role of international financial institutions in mobilizing necessary resources.
EUR/USD and GBP/USD have bounced off recent support levels as the US dollar weakens, with EUR/USD targeting a high of $1.0610 after recovering from a low of $1.0333. Meanwhile, EUR/GBP remains in a sideways trend, facing minor resistance at £0.8350. GBP/USD has also rebounded from a six-month low of $1.2488, with support now seen at $1.2597.
Raffles Family Office has appointed Barry Tse, a former UBS banker, as its managing director of relationship management in Hong Kong. Tse will focus on expanding the firm's business, noting a growing trend among private banking clients to adopt multi-family office services to enhance their traditional banking relationships.
Asian markets showed mixed results amid global economic uncertainty, with Japan's Nikkei rising 0.8% and the Topix up 1.0%, driven by a weak yen. In contrast, China's Shanghai index fell 0.3% as investor sentiment remained fragile due to fears of a potential tariff war linked to US policies. Notably, Tokyo Electron surged 6.45%.
UBS analysts report that Commodity Trading Advisors (CTAs) are adopting a "risk-on" approach, favoring U.S. equities over European and Latin American stocks. This positioning reflects a divergence in market sentiment, with CTAs also selling U.S. and Japanese bonds while anticipating inflows into European bonds. Additionally, CTAs are bullish on energy and agricultural commodities, maintaining a strong preference for the U.S. dollar amidst global economic uncertainties.
American Axle & Manufacturing Holdings, Inc. (AAM) will present at the UBS Global Industrials and Transportation Conference on December 4, 2024, at 1:00 p.m. ET. The presentation will be webcast live on AAM's Investor Relations page, with a replay available afterward. AAM, a leading Tier 1 automotive supplier, focuses on driveline and metal forming technologies for various vehicle types.
easyJet plc, a leading low-cost airline in Europe, reported carrying 82.8 million passengers in 2022/23, with passenger transport accounting for 63.9% of its sales. As of September 2023, the airline operates a fleet of 336 aircraft, with the UK contributing 53.2% of its sales, followed by other European regions.
The FTSE MIB has retreated to significant support at 33,000 points, losing over 6% since mid-October amid concerns over a potential Trump victory and its implications for global trade. The risk/reward ratio favors buyers, with a rebound target set at 35,000 points. Developments in the European economy, particularly a CDU/CSU victory in Germany, could further influence market sentiment.
EUR/JPY and USD/JPY have declined amid speculation that the Bank of Japan may raise interest rates next month, while AUD/USD has bounced off its November low at $0.6435, targeting a rise towards $0.6549. EUR/JPY's recent drop has neutralized its medium-term outlook, with potential downside targets at ¥158.11, while resistance is noted between ¥161.49 and ¥162.35. For USD/JPY, minor resistance is identified around ¥153.29.
The FTSE MIB faces pressure amid concerns over Donald Trump's tariff threats, testing crucial support at 33,000 points after a 6% decline since mid-October. A rebound could target 35,000 points, with the market's direction hinging on global economic trends and potential political shifts in Germany.
Global Financial Events
SubCategory
09:16 28.11.2024
08:55 28.11.2024
08:53 28.11.2024
Chinese Yuan
United States Dollar
Japanese Yen
NVIDIA Corporation
Tokyo Electron Limited
JPN
CHN
Seiichi Suzuki
06:10 28.11.2024
14:23 27.11.2024
14:00 27.11.2024
13:12 27.11.2024
09:48 27.11.2024
09:41 27.11.2024
09:06 27.11.2024
Trending
Subcategory:
Stock Market Updates
Industry Trends
Corporate News
Banking Regulations
Global Financial Events
Market Analysis and Predictions
European Securities and Markets Authority
Finance Mergers & Acquisitions
Retail and Consumer Goods
Central Bank Actions
Supply Chain Management
Industry Mergers & Acquisitions
Inflation and Monetary Impact
Cryptocurrency Trends
Workplace Trends
CEO Changes
Cryptocurrency Markets
Corporate Social Responsibility
Banking & Investment Regulations
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.