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Moody"s has upgraded Raiffeisen Group"s long-term deposit rating to "Aa2" from "Aa3," reversing a previous downgrade from 2018. The outlook is now "positive," reflecting strong capital quality and profitability, despite risks in the Swiss real estate market. Additionally, long-term senior unsecured ratings have been raised to A2 from A3, supported by the formation of bail-in capital.
UBS has raised its price target for Marks & Spencer, as reported by Cercle Finance and published by BOURSORAMA. The analysis is provided for informational purposes only, with BOURSORAMA disclaiming any responsibility for its content and ensuring no conflicts of interest affect its objectivity.
Home ownership has regained attractiveness due to recent interest rate cuts, offering buyers a price advantage of 10 to 16 percent compared to renting. Future savings could reach 25 percent, with home ownership expected to yield returns comparable to equity investments, promoting long-term financial thinking among owners. However, rising real estate prices may limit access for potential buyers.
Raiffeisen Waren GmbH, based in Kassel, will join the Building Materials Alliance North Specialist Trade on January 1, 2025, adding 53 locations to the alliance. This partnership, now comprising seven Hagebau partners and 151 retail locations in Germany, aims to enhance services like personnel development and joint purchasing negotiations to adapt to market changes.
Compagnie Bancaire Helvétique has appointed Enid Yip as the new CEO of its Asia subsidiary, based in Hong Kong, following the recent appointment of Simon Benhamou as the group's CEO. Yip, with over 25 years of experience in wealth management, will enhance client offerings and drive business development, while Patrick Wong continues as deputy CEO managing operations and compliance. This leadership change comes as Hong Kong is poised to become the world's largest cross-border financial hub, despite some European banks reducing their presence in the city.
UBS Asset Management maintains an overweight stance on the JPY and select emerging market currencies like BRL and ZAR, citing favorable valuations and carry potential. Global equities are also favored due to a positive earnings outlook, while the USD is seen as a hedge against tariff risks amid a strong US economy. Conversely, the CHF, European equities, and Japanese government bonds are underweight due to expensive valuations and economic challenges.
In the lead-up to the 2024 US elections, Trump and Harris are nearly tied in polls, with Trump holding a slight 0.1% advantage. Volatility has calmed, but rising yields and cautious investor sentiment on Wall Street signal potential challenges ahead, regardless of the election outcome. The US dollar remains strong, particularly if Trump wins, while concerns about rising debt persist.
The Purchasing Managers" Index (PMI) for small and medium-sized enterprises (SMEs) in Switzerland rose to 51.9 points in October, surpassing the growth threshold for the first time since May. This increase was primarily driven by domestic demand, despite ongoing challenges in the export sector. All components of the PMI improved, with notable gains in order backlog and production, while employment stabilized at 50 points.
VP Bank shares experienced a decline of 3.45% to EUR 77.00 on October 29, 2024, despite a monthly gain of 1.30%. The bank offers an attractive dividend yield of 5.46% for the 2024 financial year, with a market capitalization of EUR 463.2 million, reflecting investor interest amid recent price fluctuations.
Compagnie de Saint-Gobain is a global leader in building materials, organized into four divisions: high-performance solutions, material distribution, construction products, and glazing manufacturing. The company excels in ceramics, plastics, abrasives, and glass, while also expanding its glass processing and distribution for the construction industry.
Market Updates
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Moody"s upgrades Raiffeisen Group"s credit rating to Aa2 with positive outlook
12:28 07.11.2024
ubs raises price target for marks and spencer analysis published
10:56 07.11.2024
home ownership regains appeal as renting costs rise again
09:00 07.11.2024
Raiffeisen Waren joins building materials alliance expanding specialist trade network
11:46 06.11.2024
compagnie bancaire helvetique appoints enid yip as asia ceo
United States Dollar
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Bank J Safra Sarasin
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LIE
Philippe Cordonier
Simon Benhamou
Patrick Wong
Sylvain Matthey Junod
Enid Yip
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09:00 05.11.2024
global market outlook elections impact on currencies and asset classes
Japanese Yen
Chinese Yuan
United States Dollar
South African Rand
Brazilian Real
UBS
ZAF
CHN
BRA
USA
JPN
Joe Biden
Kamala Harris
Donald Trump
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09:00 05.11.2024
Trump and Harris in Tight Race as Election Day Approaches
08:47 05.11.2024
Swiss SME PMI rises above growth threshold signaling improved business sentiment
14:30 01.11.2024
vp bank shares show resilience with promising recovery signs
08:00 01.11.2024
Saint Gobain maintains strong market position in building materials sector
12:44 31.10.2024
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