{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Raiffeisen Bank International has accelerated its exit from the Russian market, resulting in a 1.5 percent decline in consolidated profit to 2.1 billion euros after three quarters. Notably, over half of this profit was derived from operations in Russia and Belarus.
Raiffeisen Bank International (RBI) reported a consolidated profit of EUR 2.083 billion for the first three quarters of 2024, down from EUR 2.114 billion year-on-year. Excluding contributions from Belarus and Russia, the adjusted profit stood at EUR 856 million, reflecting a strategic risk reduction amid the withdrawal from these markets. The results included provisions totaling EUR 493 million in Swiss franc and euro.
Oil prices fell 6% amid easing tensions in the Middle East, as Israel's military response avoided Iranian oil facilities. Gold remains steady below record highs, while Arabica coffee prices bounced off support levels, with potential resistance at 255.70.
The Labour government is set to unveil its first budget in 14 years on October 30, aiming to manage expectations by pre-releasing negative information to avoid market instability. With a cautious approach following the Conservative Party's previous economic turmoil, no increases in income tax, VAT, or National Insurance are expected.Investors may see a relief rally in UK stocks and a strengthening of the pound, despite potential challenges for sectors like gambling and wealth management. Anticipated changes to capital gains tax could impact investment, while infrastructure investments may boost housing stocks, particularly benefiting major builders like Barratt Redrow.
UBS is strategically expanding in Miami, a key hub for international wealth migration, particularly from Latin America. With a focus on the anticipated $9 trillion wealth transfer to women, UBS is adapting its wealth management services to meet the evolving needs of clients, emphasizing diversity and personalized strategies. However, Miami faces challenges such as high housing costs and increased pressure on education and infrastructure as it continues to grow.
UBS has maintained a 'Neutral' rating for Novo Nordisk, setting a target price of 1100 Danish crowns. Analyst Jo Walton noted a gradual increase in prescriptions for the weight loss drug Wegovy in the US, reflecting positive trends in its market performance.
UBS has become the presenting partner of the Swiss Venture Club (SVC) starting in 2025, following its acquisition of Credit Suisse's partnership. UBS representatives will host regional Prix SVC events, with Yves Felder and Hannes Weibel leading the Suisse romande and Zürich awards, respectively. The SVC office will relocate to ZID Bernapark in Stettlen, enhancing its focus on SME networking and innovation.
The upcoming trading week is set to be influenced by the US presidential election and the labor market report, with key economic data releases including the JOLTS report and non-farm payrolls. German GDP growth figures and inflation data from the eurozone will also be closely monitored, alongside significant earnings reports from major companies like Alphabet, Meta, and Amazon. Traders are advised to consider knock-out certificates for potential market movements.
China's economic stimulus policies are beginning to revitalize e-commerce and retail sectors, with high-end retail performing well during the recent Golden Week holiday. The tourism sector also saw a 6% growth, while internet firms' earnings are stabilizing, with projected growth in earnings per share over the next few years. Opportunities in local groceries and cross-border shopping are emerging, as leading platforms focus on supply chain efficiency to enhance profit margins.
AtriCure (Nasdaq: ATRC) will participate in the UBS Global Healthcare Conference on November 12, 2024, at 5:00 pm Pacific Standard Time, engaging in a fireside chat. Investors can access a live audio webcast of the presentation through the company's website. AtriCure specializes in surgical treatments for atrial fibrillation, left atrial appendage management, and post-operative pain management.
Market Updates
SubCategory
08:00 29.10.2024
01:00 29.10.2024
22:48 28.10.2024
British Pound Sterling
St. James's Place plc
Entain plc
Flutter Entertainment plc
Barratt Redrow plc
GBR
Barratt Redrow
Rachel Reeves
Show more
22:47 28.10.2024
Euro
United States Dollar
UBS AG
Blackstone Inc.
Google Inc.
SoftBank Corp.
COL
ARG
USA
MEX
BRA
URY
Melinda French Gates
Paul Donovan
Catherine Lapadula
MacKenzie Scott
Show more
15:27 28.10.2024
15:02 28.10.2024
14:31 28.10.2024
United States Dollar
Euro
Chinese Yuan
Microsoft Corporation
Aqua Metals, Inc.
Deutsche Lufthansa AG
Alphabet Inc.
Apple Inc.
Volkswagen AG
BASF SE
Amazon.com, Inc.
adidas AG
DEU
USA
CHN
Show more
13:47 28.10.2024
13:41 28.10.2024
13:00 28.10.2024
Trending
Subcategory:
Cryptocurrency Markets
Stock Market Updates
Cryptocurrency Trends
Central Bank Actions
Market Sentiment Analysis
Decentralized Finance (DeFi) Innovations
Hedge Funds & Private Equity
Cryptocurrency Regulations
Inflation Rates & CPI Data
Market Analysis and Predictions
Anti-Money Laundering (AML) Regulations
Banking Regulations
Cryptocurrency & Blockchain Regulations
Tokenomics and Crypto Economics
Employment Reports
Banking & Investment Regulations
ESG & Sustainable Finance Regulations
Bond Market & Treasury Yields
Mergers & Acquisitions
Community Building in Blockchain Gaming
Countries:
Companies:
Currencies:
People:
Apple Inc.
JPMorgan Chase & Co.
Bank of America Corporation
Kraken Energy Corp.
The Goldman Sachs Group, Inc.
Solana USD
NVIDIA Corporation
Citigroup Inc.
Morgan Stanley
Coinbase Global, Inc.
Bitwise Bitcoin ETF
Ripples USD
Grayscale Bitcoin Trust ETF
Novartis AG
BlackRock, Inc.
Credit Suisse Real Estate Fund Siat
Santiment Network Token USD
BTG Pactual Chile S.A. Administradora General De Fondos - Liquidez Alternativa Fund
Ethereum USD
Ripple USD USD
United States Dollar
Japanese Yen
Swiss Franc
Euro
Indian Rupee
Chinese Yuan
British Pound Sterling
Philippine Peso
Malagasy Ariary
Singapore Dollar
Australian Dollar
Hong Kong Dollar
Armenian Dram
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.