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The UBS ETF - MSCI World Socially Responsible ETF A experienced a gain of 0.30 percent, reaching EUR 166.50 during the STU session. The fund's highest value for the day was EUR 166.20, with a trading volume of 2,326 units. It also achieved a 52-week high of EUR 166.56 on December 11, 2024.
Banque cantonale du Valais (BCVs) is enhancing its executive management team with two key appointments effective May 1, 2025. Sophie Revaz will lead the new "Legal, Compliance and Services" division, while Didier Eggel will oversee the "Digitization and Transformation" unit. This restructuring comes as Daniel Rossi prepares for retirement after heading the "Services" division.
The DAX approached its all-time high, closing at 20,426 after a day of fluctuations influenced by the ECB's interest rate decision. With the record high at 20,462 in sight, a breakthrough could lead to further gains, while a drop below 20,400 may test lower support levels.
UBS shares experienced a slight decline of 0.05 percent, trading at EUR 30.63 on December 13, yet remain strong with a 0.10 percent increase for the month. The bank's market capitalization stands at 106.1 billion euros, highlighting its significance in the European banking sector. Recent analyses indicate a pressing need for action among UBS shareholders regarding buying or selling decisions.
Positive messaging from China's Central Economic Work Conference suggests potential stimulus plans, though specifics remain unclear, limiting market enthusiasm. Meanwhile, the ASX 200 approaches a near-term upward trendline support at 8,245, with a potential bounce towards 8,500 if it holds. Caution prevails in Wall Street following mixed US economic data, as participants await the Federal Reserve's next moves.
Coinbase shares are experiencing renewed demand as monetary policy takes center stage, with expectations of falling capital market interest rates benefiting crypto-sensitive assets. The recent US inflation data shows core inflation steady at 3.3%, while the ECB has lowered interest rates, setting the stage for the upcoming Federal Reserve meeting, where future monetary policy direction is highly anticipated. Investors remain optimistic, fueled by hopes of a crypto-friendly administration following the potential return of Trump to the White House.
Bitcoin has once again surpassed the $100,000 mark, buoyed by favorable US inflation data that aligns with investor expectations. This psychological milestone is significant, especially as investors anticipate a potential interest rate cut by the Federal Reserve, with an 86% chance projected for a quarter-point reduction at their upcoming meeting. The inflation rate held steady at 2.7% year-on-year, while the core rate remained at 3.3%, reinforcing hopes for a more crypto-friendly regulatory environment under the incoming administration.
UBS forecasts a bearish outlook for the Euro against the Japanese Yen and the British Pound, driven by anticipated economic data rather than the recent ECB meeting. Key indicators, including the preliminary December PMI and France's Insee survey, could signal weaker inflation expectations and prompt more aggressive market bets on ECB rate cuts. UBS maintains a long-term target of 0.8200 for EURGBP, with potential for further declines unless significant external shocks occur.
UBS anticipates potential declines for the GBP due to upcoming economic data, particularly following the recent ECB meeting. They predict that the preliminary December PMI data and France's Insee survey could significantly influence market expectations and inflation forecasts. Maintaining a bearish outlook on the euro, UBS expects three 25bp rate cuts by the Bank of England in 2025, while their long-term target for EUR/GBP is set at 0.8200, with a possibility of falling below this level.
UBS anticipates potential declines in EUR/JPY and EUR/GBP due to upcoming economic data, particularly preliminary PMI figures and France's Insee survey. The bank maintains a bearish outlook on the euro, expecting at least three rate cuts by the Bank of England by 2025, while targeting EUR/GBP at 0.8200. Volatility may arise from ECB President Christine Lagarde's comments on US tariffs and economic risks in France.
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