{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
The European Union is set to fall short of its usual status as a net grain exporter in the current marketing year, with a net export surplus of only 230,000 tons, a significant drop from 5.76 million tons last year. Exports plummeted by 31% to 13.91 million tons, primarily due to a poor wheat harvest in France, while imports remained relatively stable at 13.68 million tons. Notably, wheat exports decreased by 30.2%, and barley and maize exports saw even steeper declines.
The SMI index is under pressure from Nestlé, Novartis, and Roche, while Richemont and Swatch see gains. As the stock market approaches the final two full weeks of 2024, attention turns to upcoming interest rate decisions from the SNB and ECB, with expected cuts of 25 basis points. The Fed's decision next week will follow key assessments of consumer and producer prices.
Rental prices in Winterthur have surged by eight to ten percent over the past two years, with a 1-room apartment now costing around 1290 francs and a 5.5-room apartment nearly 3300 francs. The vacancy rate is at an all-time low, driving up property prices as well, with condominiums averaging CHF 1.3 million and single-family homes CHF 2.2 million. Raiffeisen's chief economist, Fredy Hasenmaile, discusses the implications of state subsidies for affordable housing and the shift in investment trends in the local market.
Asian markets opened sluggishly, with the Nikkei up 0.19% and the KOSPI down 1.37%, despite Wall Street's tech-driven gains. Attention is on China's inflation data, expected to show slight improvement, while South Korea faces ongoing political uncertainty that may dampen market sentiment. The Hang Seng Index saw a rally last week, but future gains depend on the upcoming Central Economic Work Conference's outcomes.
Wall Street saw gains with the S&P 500 and Nasdaq 100 reaching record highs, fueled by a mixed jobs report that raised expectations for a Federal Reserve interest rate cut in December. The non-farm payrolls increased to 227,000, but the unemployment rate rose to 4.2%. As the November consumer price index report approaches, inflation is anticipated to rise to 2.7% year-on-year, while core inflation is expected to hold steady at 3.3%. The Nasdaq 100 is poised for further gains if it remains above key support levels, while the S&P 500 aims for upward movement towards 6300.
The number of billionaires has surged by 50% over the past decade, with their total wealth reaching $14 trillion, driven largely by tech advancements. A UBS survey reveals that 40% plan to invest in real estate and safe havens like gold, reflecting concerns over geopolitical risks and stock market valuations. Notably, 31% intend to increase cash reserves, indicating a cautious approach amidst economic uncertainties.
Gold prices are attempting to recover after hitting a two-week low, needing to close above $2650 for a sustained upward move. Meanwhile, WTI crude oil has fallen back to $68 after a failed rally, with potential declines targeting $66.60 and September's low at $64.80. Natural gas prices also dropped after a brief recovery, facing pressure that could lead to October lows at 2640.
The FTSE 100 has reached a six-week high of 8389, nearing the October peak of 8397, with potential to target 8500 if it surpasses recent highs. The DAX 40 is on track for its seventh consecutive gain, finding minor support around 20,264, while the S&P 500 has hit a new record high of 6094 ahead of US employment data, with resistance at 6107 and support at 6026.
In 2025, market growth is anticipated, particularly in U.S. equities, driven by lower interest rates and advances in artificial intelligence, with the S&P 500 projected to reach 6,600 points. However, risks such as tariffs and potential stagflation loom, necessitating careful monitoring of central bank policies. Italy's GDP is expected to slow, contrasting with stronger growth forecasts for Spain and India.
VPBank has partnered with Thế Giới Di Động to implement a payment agency model, encouraging users to update their biometrics and identification documents. Customers can win an iPhone 16 Promax and other prizes worth up to 7 billion VND. Starting January 1, 2025, banks will cease transactions with customers who do not comply with new regulations.
Market Updates
SubCategory
07:06 09.12.2024
United States Dollar
Euro
RICHEMONT, Intellectual Property Services
Nestlé S.A.
Hoffmann-La Roche AG
Novartis AG
CHE
DEU
USA
Show more
06:21 09.12.2024
05:30 09.12.2024
United States Dollar
South Korean Won
Amazon.com, Inc.
Tesla, Inc.
Broadcom Inc.
USA
KOR
AUS
CHN
JPN
Nikola Tesla
Im Yoon-ah
Show more
04:47 09.12.2024
04:37 09.12.2024
00:24 09.12.2024
22:18 08.12.2024
22:17 08.12.2024
United States Dollar
S&P 500
GBR
CHE
IND
ESP
USA
CHN
FRA
DEU
Matteo Ramenghi
Donald Trump
Mark Haefele
Show more
18:03 08.12.2024
13:31 08.12.2024
Trending
Subcategory:
Cryptocurrency Markets
Stock Market Updates
Cryptocurrency Trends
Market Sentiment Analysis
Central Bank Actions
Decentralized Finance (DeFi) Innovations
Hedge Funds & Private Equity
Inflation Rates & CPI Data
Market Analysis and Predictions
Tokenomics and Crypto Economics
Banking Regulations
Cryptocurrency Regulations
Anti-Money Laundering (AML) Regulations
Cryptocurrency & Blockchain Regulations
Mergers & Acquisitions
Banking & Investment Regulations
Employment Reports
Cryptocurrency Developments
Blockchain Technology Adoption
Real Estate Investments
Countries:
Companies:
Currencies:
People:
Apple Inc.
Solana USD
Ripples USD
JPMorgan Chase & Co.
NVIDIA Corporation
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
Indian Rupee
Japanese Yen
Chinese Yuan
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.