{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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.
ZKB has emerged as a key player following the fallout from Credit Suisse's decline, acquiring over 30 billion in private client assets and a skilled team of philanthropists from the former Accentus Foundation. This strategic move enhances ZKB's influence in the competitive philanthropy sector, where experienced professionals like Guido Baschler and his team are now positioned to lead. Joëlle Pianzola, who joined from Sonova, heads the newly established ZKB Philanthropy Foundation, further solidifying the bank's commitment to impactful giving.
ÖAMTC, Raiffeisen, and Siemens have launched a mobility partnership aimed at enhancing e-vehicle charging through local energy cooperatives. Starting in 2025, e-car drivers can purchase green electricity at charging stations, benefiting from significant savings and promoting sustainable energy use across Austria. The initiative, which began in Burgenland, will expand to other regions, showcasing a model for affordable and environmentally friendly mobility.
The ASX 200 fell 19 points (-0.23%) to 8333, marking its lowest level in three weeks as markets reassessed the likelihood of an RBA interest rate cut in February following a strong November jobs report, which showed unemployment at 3.9%. The property and consumer discretionary sectors experienced notable declines, while the energy sector rebounded after crude oil prices rose above $70. Technical analysis indicates the index may close below a critical support level, potentially leading to further declines.
The Nikkei index rose 1.4% to 39,906.84 points, reaching a two-month high, driven by positive US inflation data that bolstered expectations for a Federal Reserve rate cut. The broader Topix also increased by 1.1% to 2,778.63 points. Market analysts anticipate a Bank of Japan rate hike by January, with its monetary policy decision due next week.
Reinout Böttcher, Head of Swiss Investment Banking at J.P. Morgan, expresses cautious optimism for 2025, anticipating a recovery in IPOs and M&A activity despite a challenging 2024. While the loss of Credit Suisse has a modest direct impact, it may lead to increased openness towards foreign banks among Swiss companies. Böttcher highlights a vibrant DCM business and a well-filled M&A pipeline, indicating potential growth opportunities ahead.
Home ownership in the Linth region remains highly sought after, with demand significantly outpacing supply. Despite a slight increase in available condominiums and single-family homes, prices have surged, with condominiums rising by 6% and single-family homes by 3.6% over the past year. The limited availability and attractive pricing compared to nearby municipalities are expected to drive further price increases in the coming year.
Since launching its first in-house investment funds in 2015, SZKB has significantly expanded its offerings. As of December 12, 2024, the total assets in SZKB investment funds have surpassed the 2 billion mark, marking a notable milestone in their growth.
Market Updates
SubCategory
09:57 12.12.2024
09:13 12.12.2024
09:02 12.12.2024
Swiss Franc
Credit Suisse High Yield Bond Fund, Inc.
Sonova R
CHE
Susanne Erdt
Giovanni Peditto
Luciana Faoro
Thomas Albert
Show more
07:58 12.12.2024
07:01 12.12.2024
Australian Dollar
Pro Medicus Limited
Rio Tinto Group
Westpac Banking Corp
Cochlear Ltd
Macquarie Group Limited
BHP Group Ltd
Mineral Resources Ltd
Ramsay Health Care Ltd
Fortescue Metals Group Ltd
AUS
Show more
06:22 12.12.2024
06:20 12.12.2024
United States Dollar
Euro
Swiss Franc
Lonza Group AG
ABB Ltd
Hoffmann-La Roche AG
Novartis AG
Raiffeisen-Osteuropa-Rent
Zurich, Agence générale Christian Meier SA
Nestlé S.A.
S Tempo Swiss Life AM
Glencore plc
USA
CHE
Show more
05:40 12.12.2024
01:12 12.12.2024
00:05 12.12.2024
Trending
Subcategory:
Cryptocurrency Markets
Cryptocurrency Trends
Stock Market Updates
Market Sentiment Analysis
Decentralized Finance (DeFi) Innovations
Market Analysis and Predictions
Hedge Funds & Private Equity
Central Bank Actions
Tokenomics and Crypto Economics
Banking Regulations
Cryptocurrency Regulations
Anti-Money Laundering (AML) Regulations
Cryptocurrency & Blockchain Regulations
Employment Reports
Inflation Rates & CPI Data
GDP Growth & Recession Forecasts
Community Building in Blockchain Gaming
ESG & Sustainable Finance Regulations
Market Updates
Mergers & Acquisitions
Countries:
Companies:
Currencies:
People:
Apple Inc.
Santiment Network Token USD
Ripples USD
International Monetary Fund FUND
Notcoin USD
BTG Pactual Chile S.A. Administradora General De Fondos - Liquidez Alternativa Fund
Julius Bär Gruppe AG
VanEck Bitcoin ETF
Bitwise Bitcoin ETF
Bitcoin USD
Cantilan Bank Inc.
Ethereum USD
Grayscale Bitcoin Trust ETF
Ripple USD USD
RENDER
Arweave AUD
Uniswap KRW
Solana USD
TRON USD
WazirX USD
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.