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IG IG Europe GmbH, a subsidiary of the IG Group, is a leading player in derivative financial instruments, established in the UK since 1974. Listed on the London Stock Exchange in 2005, it operates 14 offices globally, serving over 195,000 clients with a workforce of more than 1,600 employees. The company has been regulated in Germany by BaFin since opening its branch there in 2006.
Rising national debt, ongoing geopolitical conflicts, and trade tensions are driving expectations for higher gold prices. Raiffeisen forecasts a price of $2,800 per ounce in the coming year, with the potential to surpass $3,000 if demand remains strong, according to investment manager Matthias Geissbühler.
Trane Technologies plc (TT) is set to present at the UBS Global Industrials and Transportation Conference on December 3, 2024, starting at 8:50 AM ET. The live webcast can be accessed through their investor relations website.
Gold prices remain above $2,600, with Jerome Powell's upcoming speech and non-farm payrolls (NFPs) in focus. Midweek ADP data will hint at NFP trends, while Friday's EU GDP and NFP reports are expected to influence market sentiment, with economists predicting a rise in jobs and a slight increase in the unemployment rate. The $2,600 level is seen as a crucial support zone, with potential upward movement towards $3,000 if recent highs are surpassed.
Mark Haefele, chief investment officer at UBS, addressed the political turmoil in France and its implications for European markets during an appearance on Bloomberg Television. He noted that the stock market does not seem to be factoring in this uncertainty at all.
The Swiss stock market is showing signs of recovery after a nearly 10% correction to its early August lows. A rebound above 11,700 points could target 12,200 and 12,400, while a drop below 11,500 may signal a concerning 10-20% correction, impacting the global economy. Upcoming U.S. employment data and the Fed's rate decisions will be crucial for market trends as year-end approaches.
UBS's capital adequacy must be significantly enhanced to mitigate the risks of a potential liquidation, as current resolution plans are deemed unreliable. Despite proposals for increased leverage ratios and surcharges to curb growth, UBS argues that its bail-in bonds would protect stakeholders during a crisis, though doubts persist about the feasibility of resolving such a complex institution without state intervention. The Federal Council's report highlights the uncertainties surrounding UBS's resolution, suggesting that a state rescue may be the only viable option to maintain Switzerland's status as a global financial center.
US exceptionalism is expected to persist into 2025, bolstered by Trump's pro-growth policies, while ex-US equities face challenges from tariff uncertainties. However, narrowing growth differentials and high valuations could pose risks, necessitating close monitoring of economic dynamics and potential shifts in fiscal strategies from major economies like Germany and China.
EUR/USD, EUR/GBP, and GBP/USD remained stable following quiet Thanksgiving trading, with attention shifting to Friday’s Non-Farm Payrolls. EUR/USD is trading in a tight range above its November low of $1.0333, while EUR/GBP faces minor resistance at the 55-day SMA of £0.8345. GBP/USD's recovery from a six-month low at $1.2488 has lost momentum, currently at $1.275, with support noted at $1.2597.
UBS has revised its lithium market outlook, predicting a shift towards increased demand in 2025, with global demand expected to grow by 18% to 1.5 million tons LCE. Despite a surplus in 2024 leading to price declines, supply growth is anticipated to slow, particularly in China and Australia, as production curtailments take effect. The firm has raised its price targets for spodumene while maintaining a cautious stance on potential price surges due to the possibility of resumed production.
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ig europe gmbh expands global presence as a leading online broker
14:38 03.12.2024
gold prices poised to rise amid geopolitical tensions and high demand
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trane technologies to present at ub s global conference on december third
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gold price holds steady above 2600 as market awaits key data
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French political turmoil and its overlooked impact on European markets
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Swiss stock market shows signs of recovery amid economic uncertainties
09:37 03.12.2024
strengthening capital adequacy for UBS amid global financial stability concerns
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