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AUD/USD fell below $0.6400 as the RBA maintained rates at 4.35% while adopting a mildly dovish stance. Despite this drop, the pair remains above last Friday's low of $0.6373, with potential resistance at $0.6434 and $0.6482. In contrast, EUR/JPY and USD/JPY are on the rise, with USD/JPY recovering from a low of ¥148.65 and approaching the 55-day SMA at ¥150.88. Further resistance for USD/JPY is seen at ¥151.94.
Ethereum's price has retreated from the ambitious USD 4,000 mark amid concerns over US inflation data, which is expected to show core inflation steady at 3.3%. A consolidation phase appears to be underway, with technical factors influencing market sentiment as investors await key monetary policy decisions from the European Central Bank. If downward pressure continues, attention will shift to the USD 3,400 and USD 3,000 levels.
PrivatBank, Oschadbank, Mono, and Raiffeisen Bank have signed a memorandum to enhance financial monitoring, accounting for 64.5% of population funds in banks and 87.5% of active payment cards. Starting February 1, 2025, monthly transaction limits will be set for high-risk clients at UAH 50,000, while medium and low-risk clients will have limits of UAH 150,000, reducing to UAH 100,000 from June 1. The agreement also includes measures for better banking information exchange and increased control over clients without confirmed income.
The Swiss stock exchange closed down for the third consecutive day, with the SMI Index falling 1.01% to 11,642.39 points, marking its sharpest decline in nearly a month. Investor caution prevailed ahead of key economic data, including US inflation figures and upcoming rate decisions from the Swiss National Bank and the European Central Bank.In the market, Richemont and other economically sensitive stocks like ABB and Geberit faced declines, while Nestlé hit a new yearly low. The financial sector was impacted by discussions surrounding UBS's takeover of Credit Suisse, with several insurance companies also struggling.
Switzerland has achieved a 24% reduction in emissions since 1990 while doubling its economy, but faces significant challenges to meet net-zero goals. An annual investment of CHF 13 billion is essential, with the financial sector playing a crucial role in funding renewable energy and carbon capture technologies. Regulatory changes and increased electricity generation capacity are vital for addressing the upcoming energy demands and the shutdown of nuclear reactors.
UBS AG has maintained a "Sell" rating for K+S, setting a target price of 10 euros. Analyst Geoff Haire highlighted that a potential ceasefire between Russia and Ukraine could lead to increased gas exports to Europe, significantly lowering gas prices, which would benefit companies like BASF, Covestro, and Lanxess.
Helios Towers is poised to capitalize on the growing demand for mobile services in emerging markets, supported by a strong buy rating from analysts. Key trends such as 5G deployment, IoT integration, and broadband expansion present significant growth opportunities, despite challenges like regulatory pressures and high capital expenditures. Investors should conduct thorough research and consider risk management strategies when exploring telecommunication stocks.
Raiffeisen-Leasing has introduced "RaiCharge," a home charging solution designed to facilitate the transition to electric vehicle fleets. This service allows employees to charge their company vehicles at home while ensuring quick reimbursement of costs, significantly reducing expenses compared to public charging. The mobile wallbox, developed by NEcharge, integrates with a fleet app for seamless management and compliance with tax regulations.
The US dollar strengthened, trading at CHF 0.8827, while the euro weakened to 1.0502 against the dollar. Market activity remains subdued ahead of key US price figures and interest rate decisions from the SNB and ECB on Thursday, with expectations of a 25 basis point cut.
Asian markets are reacting positively to a surge in Chinese equities following a Politburo meeting that hinted at aggressive policy stimulus next year, including more proactive fiscal measures and looser monetary policy. The Reserve Bank of Australia is also in focus, expected to maintain its cash rate at 4.35%, while market attention shifts to potential rate cuts amid weak GDP figures. The China A50 index is showing signs of a near-term double bottom, with a critical resistance level at 14,345 that could lead to further gains if breached.
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RBA holds rates steady as AUD USD declines while EUR JPY rises
22:34 10.12.2024
ethereum price retreats from 4000 mark amid us inflation concerns
19:50 10.12.2024
banks sign memorandum to enhance financial monitoring and transaction limits
18:41 10.12.2024
Swiss stock exchange declines for third consecutive day amid economic concerns
Japanese Yen
United States Dollar
Euro
Swiss Franc
Chinese Yuan
Holcim AG
Swiss Life Holding AG
Sika AG
ABB Ltd
Novartis AG
Hoffmann-La Roche AG
Zurich, Agence générale Christian Meier SA
Credit Suisse Real Estate Fund Siat
Axon Partners Group, S.A.
Nestlé S.A.
Swiss Re AG
Geberit AG
CHE
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17:43 10.12.2024
Switzerland Achieves 24 Percent Emission Reduction Amid Economic Growth and Challenges
15:10 10.12.2024
UBS Maintains Sell Rating for K+S with Target Price of 10 Euros
11:00 10.12.2024
telecommunication sector poised for growth amid 5G and broadband expansion
Cellnex Telecom SA
Vodafone Group Public Limited Company
Helios Towers plc
BT Group plc
ESP
GBR
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09:30 10.12.2024
Raiffeisen-Leasing Launches RaiCharge Home Charging Solution for Electric Fleets
08:39 10.12.2024
us dollar strengthens as european currencies weaken ahead of key interest rate decisions
United States Dollar
Euro
Swiss Franc
Lonza Group AG
RICHEMONT, Intellectual Property Services
Givaudan SA
The Swatch Group AG
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08:12 10.12.2024
China's Policy Shifts Spark Market Optimism Ahead of RBA Meeting
06:36 10.12.2024
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