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Are Alibaba and Gold in for a rebound?
2023-05-31 08:22:00

This week we look at Alibaba, where splitting up the business can revitalise operations. The US debt ceiling deal boosted equity markets on Friday. Gold prices could also recover, supported by a weaker USD.

Alibaba's board has decided to split the empire into six units, partly forced by the Chinese Communist Party. The Cloud Intelligence Group will become an independent listed company. This could unlock value in the Chinese e-commerce conglomerate.

IT stocks have lifted US equity markets with Nvidia as one engine. The resolution of the US debt ceiling issue on Friday, 26th May, was also positive for the stock market.

The Gold price has fallen but is currently trading at support. The USD has weakened, which could also be a positive trigger.

Please find out more in our weekly letter on certificates Vontobel.com: Read the weekly newsletter here
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About Vontobel:

As a globally operating financial expert with Swiss roots, Vontobel specializes in wealth management, active asset management and investment solutions. Digital Investing bundles different investment solutions for private investors either directly or via ecosystems. Read more

About Carlsquare

Carlsquare is a global research firm and financial advisor, focusing on M&A, Equity
Research and Growth Equity. Carlsquare has 150 employees with deep sector knowledge in all 11
GICS sectors. The senior equity research team has extensive experience about the stock
environment and several business sectors. The team produces company research reports,
independent valuations and trading notes. The group have offices in Berlin, Copenhagen,
Frankfurt, Hamburg, London, Munich, Paris, San Francisco and Stockholm. Read more

Contact
MARKUS AUGUSTSSON
Head of Equity Research
markus.augustsson@carlsquare.com
+46 (0)76 235 03 20

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