UBS upgrades Stadler Rail’s rating to “Buy” from “neutral” and increases the target price to 52.00 from 42.50 francs. He believes it is time to look beyond short-term earnings risk and position ourselves for a free cash flow recovery that could kick in by second half of 21, according to analyst Patrick Rafaisz. The expert justifies this expectation with outstanding incoming payments, which should now be made up. Stadler Rail went off the market on Friday at 43.42 francs.
In anticipation of economic data, the Dax on Monday according to calculations by banks and brokerage houses start weaker. On Friday, encouraging company outlooks had the leading index go 0.8 percent higher at 13,993 points.
Investors are also keeping an eye on Bitcoin after the cyber currency broke another sound barrier. On Friday, according to data provider CoinMarketCap, all Bitcoin in circulation were worth more than a trillion dollars for the first time
— IGSquawk (@IGSquawk) February 22, 2021
Of the SMI According to data from IG Bank, it will be around two and a half hours before the stock exchange opens 0.27 percent lower acted. On Friday, the Swiss benchmark index closed 0.12 percent lower at 10,704 points.
The yield curves have become steeper as the Covid infection rates continue to fall, plans to reopen are discussed and a large US stimulus package is likely,” said Christian Keller, head of economic research at Barclays. “This basically signals a better medium-term growth outlook for the US and beyond as other core yield curves move in the same direction,” he added.
-U.S. futures ⬇️
-Japan, Hong Kong stocks rise
-Shares in Australia fall
-Copper hits the highest in more than nine years
-Oil rises to $59.75https://t.co/dwewl6Z5iE pic.twitter.com/n4u0Bigt7K
— Bloomberg (@business) February 22, 2021
The broader Topix index rose 0.8 percent and stood at 1944 points.
The MSCI index for Asian stocks outside of Japan rose 0.2 percent.
Im asian currency trading the dollar gained 0.2 percent to 105.64 yen and 0.1 percent to 6.4604 yuan. In relation to the Swiss currency, it was quoted 0.2 percent higher at 0.8975 francs. At the same time, the euro remained almost unchanged at $ 1.2119 and rose 0.2 percent to CHF 1.0878.
The pound sterling stagnated at $ 1.4017.
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stock market ticker economic optimism drives Asian stock exchanges SMI loses pretrading UBS upgrades Stadler Rail shares