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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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.
The NASDAQ 100 reached a new record high, marking its 36th for the year, while the Nikkei 225 rallied to 40,000, a level it has struggled to maintain since September. In contrast, the Dow continues to face challenges, with recent support found around 43,000. A sustained move above 40,000 for the Nikkei could signal further gains.
Brent crude oil prices are rebounding from last week's low of 70.76, driven by concerns over tight global supplies amid new EU sanctions on Russian oil. Spot silver remains steady, with a potential rise above $32.28 targeting $32.96. Meanwhile, US wheat prices have recovered from three-month lows, reaching 570, with the next target at 576.
A record 528 bids totaling 6,083 megawatts were submitted in the latest onshore wind turbine tender, nearly 1.5 times oversubscribed. This marks the first time since February 2022 that bids exceeded the uncut tender volume, with 348 bids awarded at an average price of 7.15 cents per kilowatt hour. The Federal Network Agency anticipates this trend will positively impact future commissioning.
Market Updates
SubCategory
UBS Shares Experience Minor Decline Amid Positive Monthly Performance
07:48 13.12.2024
China's Economic Outlook and ASX Trends Amid US Market Caution
02:50 13.12.2024
Coinbase Shares Surge Amid Optimism Over Monetary Policy and Inflation Trends
23:54 12.12.2024
Bitcoin Surges Past 100000 as US Inflation Data Boosts Investor Confidence
12:21 12.12.2024
UBS Predicts Euro Weakness Ahead of Key Economic Data Releases
10:51 12.12.2024
UBS Predicts Euro Volatility Ahead of Key Economic Data Releases
10:47 12.12.2024
UBS Predicts Euro Weakness Ahead of Key Economic Data Releases
10:47 12.12.2024
Tech Stocks Surge as NASDAQ 100 Reaches New High and Nikkei Rallies
09:57 12.12.2024
Brent Crude and Silver Prices Rise as US Wheat Takes a Breather
09:13 12.12.2024
Onshore Wind Tender Achieves Record Bids and Capacity in Latest Round
09:02 12.12.2024
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