{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Geopolitical risks, particularly the escalating Ukraine-Russia conflict, are increasingly impacting investor sentiment. Recent US economic data, including a disappointing Philly Fed manufacturing index, has sparked interest in potential interest rate cuts, with a 55.9% chance predicted for December. Investors are now closely monitoring upcoming GDP growth rates and purchasing managers' indices for further economic insights.
Swiss banks are largely missing out on the cryptocurrency trend, despite a significant portion of the population investing in Bitcoin and Ethereum. While some cantonal banks and Postfinance offer direct purchases, major institutions like UBS and Pictet remain skeptical, limiting their involvement to ETFs. This cautious approach contrasts with the growing interest among younger investors, who often turn to foreign platforms for their crypto transactions.
EUR/USD remains under bearish pressure, trading below 1.0550 amid mixed US economic data, while GBP/USD stabilizes near 1.2650 despite ongoing geopolitical tensions. Norinchukin Bank in Japan anticipates significant losses due to rising global interest rates, prompting asset disposals to mitigate risks. The dollar index holds steady, with gold prices rising significantly.
Carinthian Raiffeisen banks convened to strategize for 2025, focusing on a unified sales approach to enhance market presence and customer satisfaction amid economic challenges. Key discussions included economic forecasts, deposit strategies, and digitalization efforts, emphasizing the importance of customer-centric services and regional partnerships.
Global equity markets have surged by 50% since 2020, with US GDP and corporate profits also seeing significant increases despite global challenges. As the midpoint of the decade approaches, the outlook remains optimistic for US stocks and high-quality bonds, driven by potential lower rates and AI investment opportunities. Key strategies for 2025 include diversifying into fixed income, capitalizing on AI growth, and investing in real estate, while maintaining caution regarding the US dollar and geopolitical risks.
UBS anticipates an increase in loan defaults in Switzerland for the fourth quarter of 2024, projecting provisions of around 150 million Swiss francs, up from 72 million the previous year. The Swiss bank attributes this rise to the sluggish German economy, which impacts local businesses, particularly in the export-import sector. Additionally, the integration of Credit Suisse is expected to contribute to higher credit loss costs for its former clients.
Carbonaires, in partnership with UBS and The Carbon Removers, has launched a new carbon finance offering aimed at boosting investments in carbon removal, particularly from the Scotch whiskey industry. This initiative is expected to generate around 134,000 CO2 removal credits over several years, exclusively for professional investors. The innovative structure leverages the Carbonplace platform and is designed to attract significant capital flows into the voluntary carbon market, addressing the urgent need for funding in climate technologies.
Investors are advised to stay invested despite potential negative impacts from political changes under the Trump administration, as the U.S. market remains attractive. While concerns about tariffs and tax cuts loom, experts emphasize the importance of diversification and highlight the resilience of the American economy and positive export figures from Switzerland.
UBS CFO Todd Tuckner reported a credit loss expense of approximately 150 million Swiss francs in the fourth quarter, attributing it to sluggish economic growth in Europe, particularly affecting Swiss companies with export-import operations. He noted that while Switzerland's macro environment is stable, neighboring eurozone economies, especially Germany, are struggling, which has intensified the impact on credit losses. Tuckner also mentioned that the situation has been worsened by the dynamics following UBS's acquisition of Credit Suisse.
Gold prices continue to rise, with a recent low of $2550.00 providing a strong entry point for buyers, targeting $2700.00 next. Silver has stabilized after previous losses, with a key resistance level at $31.60. Meanwhile, Brent crude has resumed its upward trend after hitting a support zone at $70.40, aiming for $76.00.
Market Updates
SubCategory
19:53 21.11.2024
Swiss Franc
Zug cantonal bank
Raiffeisen Bank
St. Gallen cantonal bank
Thurgau cantonal bank
Lucerne cantonal bank
Luzerner Kantonalbank AG
Revolut
PostFinance AG
VZ Vermögenszentrum AG
Binance
Zurich cantonal bank
Swissquote Group Holding Ltd
BlackRock, Inc.
UBS
Migrosbank
CHE
Mark Haefele
Show more
17:12 21.11.2024
Japanese Yen
British Pound Sterling
Chinese Yuan
United States Dollar
Euro
Norinchukin Bank(the)
JPN
Kazuto Oku
Dean Martin
Show more
15:16 21.11.2024
Euro
Raiffeisen Landesbank Kärnten
AUT
Marika Rainer
Manfred Wilhelmer
Christopher Weissberg
Eric Kirschner
Andreas Pfeifer
Gunter Deuber
Show more
14:34 21.11.2024
14:27 21.11.2024
14:18 21.11.2024
14:03 21.11.2024
United States Dollar
Thurgauer Kantonalbank
TKB Investment Center
USA
CHE
Karel E. Ehmann
Conradin Kraemer
Jens Korte
Donald Trump
Show more
13:37 21.11.2024
13:26 21.11.2024
11:36 21.11.2024
Trending
Subcategory:
Cryptocurrency Markets
Stock Market Updates
Cryptocurrency Trends
Market Sentiment Analysis
Central Bank Actions
Decentralized Finance (DeFi) Innovations
Inflation Rates & CPI Data
Hedge Funds & Private Equity
Market Analysis and Predictions
Cryptocurrency Regulations
Tokenomics and Crypto Economics
Banking Regulations
Cryptocurrency & Blockchain Regulations
Mergers & Acquisitions
Anti-Money Laundering (AML) Regulations
Employment Reports
Banking & Investment Regulations
Cryptocurrency Developments
Bond Market & Treasury Yields
SEC & Financial Compliance
Countries:
Companies:
Currencies:
People:
Apple Inc.
NVIDIA Corporation
Coinbase Global, Inc.
Solana USD
BlackRock, Inc.
MicroStrategy Inc
JPMorgan Chase & Co.
Ripples USD
The Goldman Sachs Group, Inc.
Bank of America Corporation
Kraken Energy Corp.
Tesla, Inc.
Bitwise Bitcoin ETF
Ethereum USD
Grayscale Bitcoin Trust ETF
Credit Suisse Real Estate Fund Siat
Novartis AG
Microsoft Corporation
Capital One Financial Corporation
Santiment Network Token USD
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.