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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Future US tariffs on China are expected to be nuanced, with the initial announcement set at 10%. This could lead to inflation and higher interest rates, impacting the market. Despite potential tariff effects, US corporate fundamentals remain strong, suggesting a positive outlook for the S&P 500 by 2025.
Apple's stock has historically thrived in Q4, averaging gains of around 35% by year-end, driven by product launches and holiday sales. Current market dynamics, including improved sentiment towards tech stocks and strong institutional support, suggest potential for further price appreciation, despite risks from supply chain issues and economic uncertainty. Key resistance is at $237, while a drop below $220 could signal short-term weakness.
Australia's CPI and China's PMI are in focus as the AUD/USD gains support amid a softer US dollar. The US Dollar Index may face a corrective move lower, while Brent crude stabilizes amid geopolitical tensions. The ASX 200 is testing upper channel resistance, and the Russell 2000 is retesting multi-year highs, supported by favorable seasonality for small-caps.
Gold and WTI prices have declined, with gold experiencing a sharp drop after recent gains, targeting lows of $2555 and $2480. WTI is also retreating below $72, with potential further losses aimed at $67 and $65. In contrast, natural gas prices remain steady, maintaining a bullish trend despite recent fluctuations.
The FTSE 100, DAX 40, and NASDAQ 100 all gapped higher on Monday morning, continuing their positive momentum. The FTSE 100 reached an intraday high of 8319, facing resistance between 8326 and 8372, while the DAX 40 tested resistance at 19,438. The NASDAQ 100, buoyed by a drop in the 10-year Treasury yield, is expected to fill the gap with Friday's high of 20,799 and may approach the psychological level of 21,000.
EUR/USD, EUR/GBP, and GBP/USD have rebounded from recent lows following a minor decline in the US dollar, attributed to a pullback in US Treasury yields after Trump's Bessent pick. EUR/USD bounced off a low of $1.0333, testing minor resistance at $1.0497, while GBP/USD found support at $1.2488 and is approaching a downtrend line at $1.2620. EUR/GBP is focusing on the 55-day SMA at £0.8356, with resistance above at £0.8375.
UBS is re-entering the wealth management sector in Australia, focusing on the increasing number of affluent women and family offices, as part of its Asia-Pacific expansion strategy. Meanwhile, Australia faces a significant shakeup in the gas-guzzler market with the introduction of new hybrid models, and the budget deficit is projected to exceed previous forecasts, reaching A$33.5 billion by mid-2025. Additionally, New Zealand's central bank is expected to cut interest rates again, reflecting aggressive monetary policy shifts in the region.
UBS has raised its price target for Deutsche Telekom from 28 to 31 euros while maintaining a "Neutral" rating. Analyst Polo Tang noted concerns over increasing competition in Germany's low-cost mobile segment but remains optimistic about the company's long-term fundamentals, projecting over 11% earnings growth and more than 4% annual shareholder returns.
UBS is enhancing its Miami downtown office by hiring four wirehouse advisors from Citi, Wells Fargo, and Truist, who collectively managed nearly $2 billion at their previous firms. This move signifies UBS's commitment to expanding its presence in the Florida wealth market.
UBS Group AG is re-entering the Australian wealth management market, targeting the growing number of wealthy women and family offices. Following its acquisition of Credit Suisse, UBS aims to expand its high net worth assets, currently over $30 billion, amidst increasing competition from firms like Morgan Stanley. The firm has noted a significant rise in female millionaires and a fivefold increase in requests from the not-for-profit sector, highlighting a shift in investment strategies towards private equity and sustainable assets.
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