Porsche AG Sees Lower Volume in 2027 Than 2026
Porsche AG says lower volume in 2027 will be a headwind.
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Analysts lift targets for Porsche, Volvo, Continental
Jefferies kept Porsche at hold with a 49 euro target after investor-event remarks on margins and cash returns. UBS raised Volvo to buy and Bernstein upgraded Continental to outperform, while shares in the sector were mixed.
Bitcoin falls 2.6% as miners turn profitable again
CryptoQuant said bitcoin miners moved back into profitability in late August when bitcoin crossed $76,000, and that they are no longer dumping bitcoin to stay afloat. Bitcoin fell 2.6% to $81,272.
UBS lifts December oil forecast on supply risks
UBS raised its December oil price forecast by $5 a barrel, citing continued inventory declines and escalating attacks in the Strait of Hormuz. It now sees Brent at $100 a barrel by year-end and WTI at $96.