{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Global stocks continue to rise, with the MSCI World index achieving its sixth consecutive all-time high, closing up 1.2% for the week and showing a 21.60% gain for 2024 so far. UBS CEO Sergio Ermotti warns that potential tariff increases and geopolitical tensions could heighten market volatility, advising clients to diversify amid the uncertain economic landscape. Despite these risks, he notes that inflation appears controlled and consumer resilience remains strong.
UBS has downgraded its rating on Porsche to Sell as of December 9, 2024. Meanwhile, European markets are experiencing mixed trading, with the luxury goods sector expected to benefit from China's upcoming stimulus measures in 2025. The New York Stock Exchange concluded the previous week positively, supported by a favorable employment report.
Sergio Ermotti, CEO of UBS Group AG, warns that potential tariff increases and global conflicts pose significant risks to financial markets in 2025, predicting heightened volatility. He advises clients to maintain diversification amid current uncertainties, noting that inflation remains under control and consumer resilience is evident. Ermotti also emphasizes the importance of transparency regarding the collapse of Credit Suisse, which UBS acquired last year, as Switzerland prepares a parliamentary report on the matter.
Gerald Kocher, Head of Private Banking at Raiffeisenbank Radstadt, emphasized the importance of leveraging political decisions and economic trends for sustainable investment during a recent event. Markus Sevcik from J.P. Morgan Asset Management highlighted the resilience of capital markets, particularly in the US, despite ongoing geopolitical tensions and rising inflation. The event provided attendees with insights into investment strategies for the super election year 2024.
UBS has downgraded Porsche from Neutral to Sell, reducing its price target from €42 to €32, citing concerns over Volkswagen's performance, of which Porsche holds a 31.9% stake. The firm highlights ongoing execution issues, declining sales in China, and insufficient cost management as factors hindering Porsche's margin recovery.
The number of unemployed individuals in Switzerland rose slightly to 2.6% in November, influenced by seasonal factors, while the OECD has slightly increased its growth forecast for the Swiss economy to 1.5% for 2025. Meanwhile, Bitcoin surpassed $100,000 for the first time, reaching $103,620. UBS reported a positive month for pension funds, with an average performance of 1.46% in November, driven by strong global equities, although Swiss equities saw a decline.
The DAX index achieved a new all-time high, closing at 20,385 after a 0.1% gain on Friday, marking a 3.9% increase for the week. Positive US labor market data fueled the rise, with intraday peaks reaching 20,426. Looking ahead, potential resistance lies at 20,500, while support levels are identified at 20,017 and 19,675.
UBS CEO Sergio Ermotti warned that geopolitical tensions and trade tariffs could lead to increased volatility in financial markets next year. He emphasized the importance of maintaining a well-diversified portfolio amid current uncertainties, while noting that consumers and the economy remain resilient. Ermotti also called for transparency regarding the causes of Credit Suisse's collapse, which UBS acquired last year, highlighting the need for clarity before any regulatory changes that could impact the financial center's competitiveness.
Tesla shares reached a new high for the year, closing at USD 389.22 after a 5.3% gain on Friday, following a 12.8% increase in the first week of December. The focus now shifts to the USD 400 mark, with potential resistance at USD 402.63 and the all-time high of USD 414.46 in sight. Conversely, a decline could see support levels tested at USD 384.25 and lower.
US labor market data showed stronger job creation, but inflation concerns loom ahead of the Fed's upcoming decision, especially with potential government spending increases under President Trump. Meanwhile, the European Central Bank is expected to cut rates amid political uncertainty in Germany and France, while the DAX index continues to reach new highs, buoyed by hopes of a resilient US economy despite looming trade tensions.
Market Updates
SubCategory
United States Dollar
UBS Group AG
NOR
ESP
SGP
PRT
ITA
DNK
USA
DEU
JPN
SWE
AUT
CHE
GBR
FIN
NZL
NLD
ISR
CAN
BEL
IRL
HKG
FRA
Sergio Ermotti
Show more
12:45 09.12.2024
11:44 09.12.2024
11:42 09.12.2024
10:55 09.12.2024
10:45 09.12.2024
United States Dollar
Swiss Franc
CHE
CHN
USA
DEU
James Mazeau
Elisabeth Beusch
Wolfgang Amadeus Mozart
Show more
10:25 09.12.2024
08:50 09.12.2024
08:47 09.12.2024
08:38 09.12.2024
07:32 09.12.2024
Trending
Subcategory:
Cryptocurrency Markets
Stock Market Updates
Cryptocurrency Trends
Market Sentiment Analysis
Central Bank Actions
Hedge Funds & Private Equity
Decentralized Finance (DeFi) Innovations
Inflation Rates & CPI Data
Market Analysis and Predictions
Tokenomics and Crypto Economics
Banking Regulations
Cryptocurrency Regulations
Anti-Money Laundering (AML) Regulations
Cryptocurrency & Blockchain Regulations
Employment Reports
Mergers & Acquisitions
Banking & Investment Regulations
Cryptocurrency Developments
Blockchain Technology Adoption
Real Estate Investments
Countries:
Companies:
Currencies:
People:
Apple Inc.
Solana USD
NVIDIA Corporation
Ripples USD
JPMorgan Chase & Co.
Bank of America Corporation
Kraken Energy Corp.
Coinbase Global, Inc.
Credit Suisse Real Estate Fund Siat
MicroStrategy Inc
The Goldman Sachs Group, Inc.
BlackRock, Inc.
Bitwise Bitcoin ETF
Chainlink USD
Novartis AG
Morgan Stanley
Tesla, Inc.
Santiment Network Token USD
Ethereum USD
Grayscale Bitcoin Trust ETF
United States Dollar
Euro
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
British Pound Sterling
Australian Dollar
Russian Ruble
Philippine Peso
Malagasy Ariary
Singapore Dollar
Hong Kong Dollar
Armenian Dram
Bahamian Dollar
South Korean Won
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.