{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Ten years ago, UBS shares were priced at CHF 16.32. An investment of CHF 10,000 would have resulted in 612.745 shares, now valued at CHF 27.87 each, bringing the total worth to CHF 17,077.21, reflecting a 70.77% increase. UBS's current market capitalization stands at CHF 89.30 billion.
AUD/USD is poised for its largest monthly decline since September 2022, with an expected drop of about 4.8% in October, closing last week at 0.6604. The upcoming US election could further impact the currency pair, with a potential Republican sweep likely to strengthen the USD, while a divided Congress may support AUD/USD. Technical analysis indicates a bearish trend, with key support levels at 0.6500 and 0.6380 - 0.6350.
The SMI closed higher, with Sonova experiencing significant gains, while Wall Street showed firmness. In Asian currency trading, the yen fell to 153.55 per US dollar amid political shifts, with analysts predicting a potential rise to 155 yen as the Bank of Japan deliberates on interest rates. The dollar also strengthened against the yuan and Swiss franc, while the euro remained stable against the dollar.
Wall Street remains strong, with the Swiss market also showing positive trends. Manchester United's shares rose nearly three percent following the dismissal of coach Erik ten Hag, as the team languished in 14th place in the Premier League after nine games. Ruud van Nistelrooy steps in as interim coach, while the club has spent over £600 million on new players since Ten Hag's appointment, with shares down about 20% this year.
This week marks a significant period in the third quarter reporting season, starting with Rieter's investor day on Monday. Key healthcare companies, including Novartis and Idorsia, will report on Tuesday, alongside Straumann and Clariant, while UBS and Sunrise are set to present their results on Wednesday. The week continues with Geberit and Swisscom on Thursday, as various companies navigate challenges and opportunities in their respective sectors.
Wall Street ended its six-week rally with mixed results; the S&P 500 fell 0.96% while the Nasdaq 100 gained slightly by 0.14%. Economic data showed a 0.8% drop in durable goods orders for September, but consumer sentiment improved. Investors are now focused on upcoming jobs data and major tech earnings.
Gold prices are consolidating below a record high of $2,758.00 per troy ounce, with potential upside towards $3,005.71 if support holds above $2,605.00. Meanwhile, WTI crude oil is on track for a weekly gain despite resistance near $71.28-$72.46, while Arabica coffee futures are nearing early October lows, risking a top formation.
The global art market shows signs of resilience despite a 32% drop in average spending in 2023, with median values remaining stable. Wealthy collectors, particularly from China, are optimistic, with 91% expecting market growth, and they increasingly support new galleries and emerging artists. The proportion of works by women in collections has also risen to a seven-year high, reflecting a shift in purchasing behavior towards informed decisions rather than impulse buys.
Swiss banks are cautioning against overregulation as the country remains a leader in international asset management, with nearly $2,200 billion managed for foreign clients. However, this status is jeopardized by a tarnished reputation following the collapse of Credit Suisse in March 2023.
Coinbase shares are experiencing heightened demand amid uncertainty surrounding the upcoming US election, with investors favoring a potential Trump presidency due to his crypto-friendly stance. Recent data shows a surprising drop in weekly initial claims for US unemployment benefits, which may positively influence market sentiment. The technical outlook suggests that overcoming the $220 mark could lead to further gains, while a fall below $200 might intensify downward pressure.
Market Updates
SubCategory
09:00 28.10.2024
New Zealand Dollar
United States Dollar
Japanese Yen
Australian Dollar
Reserve Bank of Australia
Apple Inc.
AUS
USA
JPN
CHN
Kamala Harris
Donald Trump
Show more
06:15 28.10.2024
06:09 28.10.2024
British Pound Sterling
Costco Wholesale Corporation
Manchester United plc
Sonova Holding AG
GBR
Erik ten Hag
Ruud van Nistelrooy
Show more
06:09 28.10.2024
Euro
United States Dollar
Novartis AG
UBS AG
Swisscom AG
CHE
DEU
Novartis
Ubs
Idorsia
Straumann
Rieter
Show more
05:00 28.10.2024
United States Dollar
New York Community Bancorp, Inc.
Aqua Metals, Inc.
Microsoft Corporation
The Goldman Sachs Group, Inc.
Alphabet Inc.
Morgan Stanley
Amazon.com, Inc.
USA
Show more
04:06 28.10.2024
22:27 27.10.2024
Swiss Franc
Chinese Yuan
Euro
United States Dollar
UBS AG
Art Basel
CHN
CHE
FRA
Noah Horowitz
Show more
12:02 27.10.2024
18:39 24.10.2024
15:40 24.10.2024
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.