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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Silver prices are nearing the critical $30 mark amid rising geopolitical tensions, particularly following Russia's updated nuclear doctrine and recent military actions involving Ukraine. Investors are also focused on upcoming US economic data, including unemployment claims and consumer confidence, which could influence market sentiment. The $30 level serves as a key psychological barrier; a sustained hold above it may lead to a rally towards $35, while a drop below could increase downward pressure.
Raiffeisen Research anticipates a 0.3 percentage point reduction in eurozone economic growth due to Donald Trump's re-election, projecting a growth rate of 1.2% for the coming year. While the U.S. may benefit from tax cuts and deregulation, tariffs could lead to imported inflation, affecting consumer spending. The stock markets reacted positively, with expectations of continued gains as investors seek stability post-election.
Sergio Ermotti, CEO of UBS, was named Leader of the Year 2023 for his pivotal role in the Credit Suisse takeover, emphasizing the importance of banks in Switzerland's economy. Despite his recognition, concerns over his CHF 14.4 million remuneration have been raised, highlighting ongoing debates about executive pay. Ermotti aims for a return on common equity tier 1 capital of 15% by 2026, with a target of 18% by 2028, as he leads the integration process.
Beiersdorf AG, known for brands like Nivea and Eucerin, has shown resilience in the stock market, with shares recently increasing by 0.28% and 0.77%. Analysts remain optimistic, with target prices around €150, following the approval of its anti-pigment ingredient thiamidol for sale in China, enhancing growth prospects in a key market.
UBS has maintained a "Buy" rating for RWE shares with a target price of €49, following a positive investor meeting. Despite a 22.2% decline in share price since the start of 2024, there is potential for a 57.61% increase based on the target. RWE's next quarterly results are expected on March 20, 2025.
Investors are advised to stay invested despite potential negative impacts from the Trump administration"s political changes. While American voters express dissatisfaction with their economic situation, the U.S. market remains appealing, bolstered by a solid economy, despite concerns over tariffs, immigration policies, and tax cuts that may increase debt.
Trane Technologies (NYSE: TT) will participate in a fireside chat at the UBS Global Industrials and Transportation Conference on December 3, 2024, at 8:50 a.m. EST. Investors can access the live webcast through the investor relations section of the Trane Technologies website, with a recording available for 30 days post-event.
AstraZeneca Plc has shed its last bearish analyst ratings as UBS upgraded the stock to neutral, following a significant share-price decline of around 10% this month. The company now holds 24 buy ratings and seven holds, with no sell ratings, despite ongoing investigations in China impacting sentiment. Analysts from Nordea Bank and Intron Health have also raised their ratings, suggesting the recent slump in shares was overdone.
Gold prices have paused after two strong sessions, currently holding above the October low of $2600.00, while WTI crude continues to rise, targeting earlier highs of $72.25 and $75.00. Natural gas has surged past the 3200 mark, aiming for November highs around 3380, reflecting ongoing strength in the market.
Gold prices have surged, reaching a six-day high of $2,640 an ounce, driven by forecasts from UBS and Goldman Sachs predicting potential peaks of $2,900 and $3,000 by the end of 2024, respectively. This rise is supported by increased central bank demand and ongoing geopolitical risks, despite a recent connection to the strengthening dollar and rising real interest rates. The outlook for gold remains positive as it continues to serve as a hedge amid macroeconomic uncertainty.
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17:58 20.11.2024
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