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UBS is set to preview the upcoming Bank of Canada policy meeting scheduled for next week. The insights will be provided by their experts, available Monday to Friday from 9 AM to 12 PM and 2 PM to 6 PM. All rights are reserved by Surperformance, with quotes sourced from Factset, Morningstar, and S&P Capital IQ.
Dubai-based Allo has secured a $100 million Bitcoin-backed credit facility from a consortium of lenders, including Greengage and a U.S. financial institution. Specializing in real-world asset tokenization, Allo has facilitated $2.2 billion in tokenized assets and raised $2.75 million in funding to date. The market for tokenized assets has surged in 2024, with total value increasing from $8.3 billion to nearly $13.9 billion, driven by institutional interest and advancements in blockchain solutions.
The Bank of England has maintained its interest rate at 4.75% as UK inflation reached an eight-month high of 2.6% in November, driven by rising transportation and housing costs. Despite some easing inflationary pressures, persistent inflation in the services sector remains a concern for the central bank.
Investors looking for patterns in the S&P 500's performance post-presidential elections will find mixed results. Following Joe Biden's 2020 victory, the index rose over 42%, while it fell around 6% after Jimmy Carter's win. Experts suggest that election years do not significantly differ from typical market behavior, advising investors to adhere to their plans amid uncertainty.
UBS Group AG operates as a holding company with four main business segments: wealth management (50.9% of revenues), investment banking (20.8%), retail and corporate banking (20.2%), and asset management (6.3%). By the end of 2023, the Group is expected to manage USD 792 billion in deposits and USD 639.8 billion in loans. RBC maintains a Buy rating on the company.
European markets are set to open higher on Thursday, with the U.K.’s FTSE 100 expected to rise 16 points, Germany’s DAX up 72 points, France’s CAC gaining 30 points, and Italy’s FTSE MIB increasing by 98 points. Key data releases include Spanish and German inflation figures, along with European economic sentiment and business confidence data from Italy and Spain. Meanwhile, U.S. markets are closed for Thanksgiving, following a decline in light trading on Wednesday.
Asia markets opened mixed following a stall in Wall Street's rally, with attention on the Bank of Korea's upcoming rate decision. U.S. inflation data aligns with the Federal Reserve's goals, suggesting stability in employment and prices, while the S&P 500's strong moving averages indicate solid market internals despite a slight downturn. Analysts are also exploring opportunities in international markets, citing U.S. stocks as relatively expensive.
Actively managed exchange-traded funds (ETFs) are emerging as a significant trend in investment, attracting $603 billion from investors while active mutual funds faced $2.2 trillion in outflows since 2019. With lower fees and tax efficiency, active ETFs are seen as a growth engine for active management, despite representing only 8% of ETF assets. The conversion of active mutual funds to ETFs has further bolstered this trend, with funds experiencing a notable increase in inflows post-conversion.
As of Q2 2024, Europe hosts 14% of the world's unicorns, primarily in fintech and software, with the UK leading in funding. Despite a valuation reset due to higher interest rates, European start-ups raised approximately USD 11 billion in the past year, signaling a recovery in the funding market. Generative AI is emerging as a key disruptor, potentially reshaping competitive dynamics between tech accelerators and incumbents.
Donald Trump"s election victory has raised concerns about inflation and higher global bond yields due to proposed tax cuts and steep tariffs. Analysts predict that his policies could disrupt the Federal Reserve"s rate-cutting cycle, leading to an upward bias on Treasury yields, while European bonds may offer more value amid potential volatility. The risk of widening inflation gaps could weaken Asian currencies, complicating the economic landscape further.
Morningstar, Inc.
Companies
| Symbol | MORN |
| Name | Morningstar, Inc. |
| Currency | USD |
| Sector | Financials |
| IndustryGroup | Diversified Financials |
| Industry | Capital Markets |
| Market | NASDAQ Global Select |
| Country | United States |
| State | IL |
| City | Chicago |
| Zipcode | 60602 |
| Website | http://www.morningstar.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs anticipates bank of canada policy meeting outcomes next week
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