German exporters show renewed optimism for the first time in six months, despite initial concerns following Donald Trump's election victory. Meanwhile, the Swiss financial sector remains robust, contributing CHF 108.4 billion in value added and CHF 20.7 billion in tax revenues, although employment is expected to decline due to integration challenges at Credit Suisse. Additionally, a non-partisan alliance in Switzerland is advocating for stricter environmental regulations in the financial sector.
In 2025, equities are expected to dominate investment strategies as falling interest rates diminish the appeal of bonds, according to St. Galler Kantonalbank. With a projected GDP growth of 2.3% in the USA and 1.5% in Switzerland, the focus will be on dividend stocks, which are anticipated to yield around 3%. Meanwhile, cryptocurrencies like Bitcoin are gaining interest but remain highly volatile and speculative.
Raiffeisen Bank Ukraine aims to maintain its leadership in the corporate segment while expanding its retail market share, according to Board Chairman Oleksandr Pysaruk. The bank plans to enhance digital services and customer experience, investing in the MyRaif app and transitioning to the Raiffeisen Business Online platform. As of October 1, 2024, it ranks fourth among Ukraine's banks by total assets and is among the top three most profitable banks.
US consumer spending remains robust, with living standards reaching new economic highs, while inflation is primarily influenced by supply issues rather than demand. In Europe, ECB President Lagarde's political remarks on trade relations with the US raise concerns about the central bank's neutrality, as inflation figures in Spain and Germany are expected to rise but remain near 2%.
UBS has reduced its target price for Vestas to 175 kroner while maintaining a 'Buy' rating. Investors are cautioned about the significant risks associated with trading financial instruments and cryptocurrencies, which can lead to substantial losses. It is advisable to seek independent financial advice before engaging in such trading activities.
The Swiss stock market closed mostly higher on November 28, 2024, with the SMI rising 0.57% to 11,709.80 points, despite a lack of significant market-moving news. Julius Baer led gains with a 2.1% increase, while technology stocks like Logitech also performed well amid easing US interest rates. Conversely, Swatch Group and Richemont saw declines, reflecting ongoing challenges in the luxury sector.
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%.
Geopolitical tensions, including the Russia-Ukraine war and the Israel-Hamas conflict, are reshaping markets, with the IMF warning of a potential decline in global growth by 2025. Gold has emerged as a safe-haven asset, while oil prices stabilize amid supply concerns. Australian stocks like GrainCorp and DroneShield show varied performance, with analysts maintaining positive outlooks despite recent challenges.
Europe is emerging as a vibrant hub for venture capital, driven by a surge in sustainability and climate technology investments. Regions like 'Swiss Valley' and the 'Silicon Canals' are fostering innovation, particularly in healthcare and biotech, as established companies acquire startups to enhance their portfolios. With a growing focus on ESG criteria, the landscape is ripe for transformative breakthroughs that promise both financial returns and societal impact.
UBS Group AG has acquired a 5.82% voting stake in Pilbara Minerals Limited, marking its significant interest in the lithium sector. This strategic move is expected to influence Pilbara's stock performance and the broader market dynamics surrounding lithium investments. Investors should monitor this development closely.
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