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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
In May, US inpatient admissions rose 0.6% year-over-year, while outpatient volumes increased by 1.6%. A survey of hospital executives revealed that one-third anticipate higher capital spending, particularly in technology, with many considering divesting inpatient behavioral services. States like Ohio and Alabama are exploring Debt Payment Programs to enhance financial stability.
The US merchant acquiring market is shifting towards software-led distribution, with the Owned Software channel expected to be the fastest-growing segment. In 2023, net acquiring revenue is estimated at ~$35 billion, growing at a ~6% CAGR from 2023 to 2028, driven by the increasing importance of software platforms in capturing SMB revenues. The Server Message Block (SMB) direct channel is projected to decline as software solutions dominate the landscape.
Cash and carry (C&C) has emerged as Brazil's fastest-growing grocery format, accounting for 29% of the country's food retail sales in 2022. With 1,200 C&C units mapped across 20 chains, concerns about market saturation are rising, particularly in São Paulo and Rio de Janeiro. The segment is expanding into denser, higher-income areas, increasing competition and cannibalization risks among retailers.
A recent survey of 466 Brazilian merchants reveals a decline in optimism about sales, with expectations dropping by 14 percentage points year-over-year. Merchant Discount Rates (MDRs) have risen again in 2023, reaching 3.2% for credit and 1.8% for debit, reflecting ongoing repricing efforts amid higher funding costs. While 36% of merchants do not negotiate fees with acquirers, a significant portion anticipates a decrease in prepayment rates over the next year.
UBS is considering applying for a US banking license to enhance its presence in the US wealth market, aiming to attract high-net-worth clients through its investment bank. Meanwhile, JPMorgan"s Chase UK has launched its first credit card, targeting profitability by 2025 after amassing over £20bn in deposits since its 2021 launch. Additionally, Rothschild & Co has opened a new wealth management office in Dubai, joining other financial institutions expanding in the region.
Gold prices are currently in consolidation, influenced by geopolitical uncertainties, particularly regarding Russia"s nuclear doctrine and ongoing Middle East conflicts. Eurozone inflation rose to 2.0% in October, with potential monetary policy changes from the ECB and Fed expected in December. Investors are closely monitoring upcoming speeches from Fed representatives, which may signal future interest rate adjustments.
Bussigny is set to transform a former wasteland into a new district for 1,200 residents, with a project estimated to cost half a billion francs. The first phase includes three buildings, a hotel, and residential units, with construction expected to start next year and completion by 2030. An interactive website will provide access to planning documents and 3D visualizations.
The UBS ETF - MSCI World Socially Responsible ETF A recently gained 0.31%, trading at EUR 159.54 after starting at EUR 159.20. In total, 10,688 shares have been traded, with the fund"s highest price in the past year reaching EUR 162.62 on November 14, 2024.
Brent crude oil prices surged over 3% from key support levels due to supply concerns stemming from a power outage at Norway’s Johan Sverdrup oilfield and escalating tensions in the Russia-Ukraine conflict. Spot silver rebounded from a recent low of $29.68, targeting resistance at $31.36, while US wheat prices bounced off a three-month low of 544, aiming for the late October low of 573.
Trump"s re-election and Republican control of Congress have significantly strengthened the U.S. dollar, with the Dollar Index rising 6.3% since late September. However, UBS Global Wealth Management warns that this strength may be temporary, predicting a gradual appreciation of the euro and advising investors to reduce dollar exposure while considering diversification strategies. Gold prices are expected to rise to $2,900 an ounce by September 2025, driven by geopolitical uncertainty and dedollarization efforts by global central banks.
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