Markets
Deutsche Bank Keeps Nestle at Hold, 82 CHF Target Cites Russia Exposure
The analyst maintained the rating after noting forced administration of two Nestle subsidiaries in Russia, estimating the country accounts for about 2% of sales and 2‑3% of EBIT, while Haleon’s Russian profit share is put at 4‑5%.
Tech Layoffs Surge in 2026 as AI Spending Drives Cost Cuts
U.S. tech firms have cut at least 94,046 jobs through August 2026, a 16.8% increase from the same period in 2025, as AI investments and restructuring accelerate.
Stocks Resilient Amid Rising Yields, $100 Oil: Two Key Factors
Market indices held steady despite higher Treasury yields and Brent crude above $100, driven by gains in AI-driven tech stocks and broader macroeconomic uncertainty.
Fitch affirms TAURON's BBB- rating, outlook stable
Fitch Ratings has affirmed TAURON Polska Energia's long-term foreign and local currency Issuer Default Ratings at BBB-, with a stable outlook. The company's €500 million foreign currency senior unsecured unsubordinated debt also retains a BBB- rating.
European gas prices drop sharply amid profit-taking
European and British wholesale natural gas futures fell by 3.2% each on Friday, with both benchmarks on track for an 8% weekly loss, their steepest decline since mid-June.
HSBC Names Alison Platt as Independent Non-Executive Director
Alison Platt joins the board as successor to Dame Carolyn Fairbairn, effective October 1, with a three-year term extending to 2030.
Altcoins surge as Bitcoin consolidates near $84,000
Bitcoin’s price stagnates around $84,000 while altcoins rally, driven by speculative capital flows and macroeconomic tailwinds.
Dollar strength persists amid bond sell-off, euro under pressure
U.S. currency gains as global risk-off conditions reinforce dollar rally, while euro faces headwinds from yield spreads and political uncertainty
Citi Forecasts Yen Strength Through 2027 as Japan Shrinks Overseas Investment
Citigroup projects the dollar-yen pair will fall to roughly ¥145 by end of 2027, driven by declining outbound investment from Japanese institutional and retail investors.
UBS Forecasts SEK Weakness Amid Global Rate Pressures
Higher global interest rates and energy costs are expected to sustain downward pressure on the Swedish krona, despite domestic economic stability.
SMI bleibt bei 13.953 Punkten, UBS unter Regulierungsdruck
Schweizer Aktienmarkt zeigt kaum Bewegung, während Ölpreise und Anleiherenditen leichte Stütze bieten – doch US-Iran-Drohungen bremsen Gewinne aus.
Magic Eden whitehat moves 3,832 NFTs amid suspected marketplace exploit
A precautionary transfer of non-fungible tokens from hundreds of wallets raised concerns over a potential vulnerability in Magic Eden’s platform, with Yuga Labs confirming it was a white-hat operation.
European equities rebound on oil price drop, UBS speculation drives gains
Oil price declines eased inflation fears and supported European markets as the Euro Stoxx 50 rose and the FTSE 100 and SMI gained, though oil sector losses and downgrades to EssilorLuxottica weighed.
Treasury yields hit 2007 highs amid bond selloff, oil gains
U.S. bond markets and equities showed mixed movement Friday as Treasury yields rose to post-2007 peaks, oil prices climbed, and Costco reported stronger-than-expected earnings.
SMI holds steady; UBS, Givaudan in demand; Semiconductor stocks rise; Nestlé underperforms
Swiss stock market shows slight gains; UBS and Givaudan see increased interest; semiconductor stocks rise; Nestlé underperforms; new ratings and price targets for Swiss stocks
UBS Sees Dollar-Franc Strength From Yield Gap After SNB’s Rate Pause
Swiss National Bank’s cautious stance and rising Swiss inflation may support USD/CHF as UBS projects a range of 0.84–0.85 by mid-2027, with near-term targets at 0.81 in December and 0.79 in March.
Rhein bei Kaub erreicht Rekordtief von zwei Zentimetern
Extrem niedriges Wasserstandsniveau unterbricht Schifffahrt und belastet deutsche Lieferketten und Industrieproduktion
UBS Maintains Positive Outlook on Norwegian Krone Carry Trade
UBS strategists Clémence Dumoncel and Constantin Bolz highlight the Norwegian krone's attractive carry profile, supported by Norges Bank's hawkish stance and Norway's energy export status.
Bitcoin ETFs rebound to $800M annual inflows after $5.8B outflow
U.S. spot Bitcoin ETFs reversed a $5.8 billion annual outflow in July, recording $800 million in net inflows as Bitcoin recovered to $85,000.
WhiteHawk Completes $111.8M Natural Gas Asset Acquisitions
WhiteHawk Minerals Corp. has closed on a series of natural gas asset acquisitions totaling $111.8 million, including a $105 million purchase of Marcellus, Utica, and Haynesville Shale assets.
Lombard Odier hires Asia private banking head in Zurich
Jingjing He joins the bank’s Zurich team to expand its private client coverage in Asia, following recent hires in Singapore and Hong Kong.
Xtrackers Emerging Markets ETF to pivot to active management with fee hikes
DWS-backed fund shifts from passive tracking to mid-to-long-term active strategy, adjusts ESG focus and fee structure ahead of October vote
Global bond sell-off continues amid rising interest rate concerns
Eurozone and US bond yields hit record highs, raising concerns about asset risks and inflation. Rising oil prices and government spending further fuel inflation fears.
Zurich Insurance Top Executive Sells Shares for Over 2.38 Million CHF
Executive-level sales of company shares by Zurich Insurance executives highlight a broader trend of insiders liquidating holdings amid a recent decline in the stock’s value.
KelpDAO sues LayerZero over $292M exploit, alleging undisclosed vulnerabilities
Lawsuit accuses cross-chain bridge provider of failing to disclose security flaws that enabled a major DeFi attack in April.