Welcome back to Money Movers. A major shakeup today at Novo Nordisk. The chairman and vice chair along with five independent board members, all not standing for reelection at the company's extraordinary general meeting in November.This follows Novo shakeup of its top post back in May when the company ousted CEO and appointed a new CEO in August. Novo Nordis just wrapping up its investor conference call today. HSBC's Rajeskumar was on the call and joined us with his reaction.Uh I I'm just making a list of al ...

Group 1 - The FTSE 100 index in London experienced a rise for the second consecutive day, driven by gains in warehousing group Segro and HSBC [1] - Investors are anticipating the domestic inflation report that is scheduled to be released later in the week [1]

Core Viewpoint - A group of major banks, including JP Morgan, Bank of America, Citigroup, and Goldman Sachs, is attempting to arrange a $20 billion loan to Argentina, seeking guarantees to mitigate their financial risk amid the country's liquidity issues [1][2][3]. Banking Sector - The banks are looking for mechanisms to ensure they can recover their investments as part of the U.S. Treasury's assistance package for Argentina [1][2]. - There is a focus on creative financial structures that could guarantee the value of the loans, drawing parallels to past U.S. bailouts, such as the 1995 Mexican crisis where oil exports were used as collateral [13][15]. Economic Context - Argentina is currently facing a liquidity problem rather than a fiscal sustainability issue, which makes the proposed financial packages critical for the country [3]. - The country has significant assets in agriculture and is experiencing a boom in the energy sector, which could provide potential guarantees for the loans [14]. Geopolitical Considerations - The geopolitical landscape in Latin America is shifting, with upcoming elections in several countries, which may influence the political dynamics surrounding the bailout [6][11]. - The support from the U.S. is seen as unprecedented, with the expectation that the current Argentine government will remain in power for the next two years, allowing for continued fiscal austerity measures [12].

Group 1 - Nearly 60% (58%) of overseas entrepreneurs surveyed intend to conduct business in mainland China within the next year [1] - The survey was conducted by Ipsos on behalf of HSBC Private Banking, targeting 2,939 high-net-worth entrepreneurs with at least $2 million in investable assets across 15 markets [1] - Key factors driving interest in the mainland market include the widespread application of artificial intelligence technology, a skilled and competitive labor market, and a large customer base [1] Group 2 - Entrepreneurs from Indonesia (83%), the UAE (81%), and Saudi Arabia (79%) show particularly strong interest in entering the mainland market, reflecting an increasingly international investment perspective among Asian entrepreneurs [1] - Mainland Chinese entrepreneurs are also optimistic about business prospects due to technological advancements, with a focus on expanding into new markets, investing in AI technology, and growing their talent pool as their top three strategies for the coming year [1] Group 3 - 46% of surveyed mainland entrepreneurs believe that continuously investing in their businesses and expanding their operations is a key driver for wealth accumulation [2] - In the current uncertain market environment, alternative investments such as art are gaining popularity among East Asian entrepreneurs, especially Chinese entrepreneurs, with 43% of mainland respondents investing in art collections, significantly higher than the global average of 24% [2]

Core Insights - Global entrepreneurs are focusing on investing in artificial intelligence technology and expanding into overseas markets to drive business growth amid market volatility and economic uncertainty [1][3] - 58% of surveyed overseas entrepreneurs plan to conduct business in mainland China within the next year, highlighting the region's attractiveness [1][3] Group 1: Market Opportunities - Key factors driving interest in the mainland Chinese market include the widespread application of artificial intelligence, a skilled and competitive labor market, and a large customer base [3] - Entrepreneurs from Indonesia (83%), UAE (81%), and Saudi Arabia (79%) show particularly strong interest in entering the mainland Chinese market, reflecting an increasingly international investment perspective among Asian entrepreneurs [3] Group 2: Business Strategies - Mainland Chinese entrepreneurs maintain an optimistic outlook on business prospects, with 59% planning to explore new markets, 50% investing in artificial intelligence, and 41% expanding their talent pool as their top three strategies for business development in the coming year [3][4] Group 3: Wealth Perspectives - Compared to other markets, mainland Chinese entrepreneurs are more likely to tie personal wealth closely to business development, with 46% indicating that ongoing investment in their enterprises is a key driver for wealth accumulation [3][4] - Wealth is also viewed as a means to create value for families, with 59% prioritizing health security and 50% focusing on supporting children's education, both significantly higher than the global average [3][4] Group 4: Succession and Personal Planning - Mainland Chinese entrepreneurs exhibit a more relaxed attitude towards business succession and personal life planning, with only 44% expressing lack of confidence in the next generation's ability to take over, and around 20% feeling concerned about family discussions or personal development post-retirement, which is lower than the global average [4] Group 5: Alternative Investments - In the current uncertain market environment, alternative investments such as art are gaining popularity among East Asian entrepreneurs, with 43% of mainland Chinese respondents investing in art collections, significantly above the global average of 24% [4]

Core Insights - HSBC has appointed David Lindberg, a former NatWest executive, to lead its UK business as part of a leadership reshuffle under Chief Executive Georges Elhedery [1] Group 1 - The leadership change is part of HSBC's strategy to strengthen its UK operations [1] - David Lindberg's previous experience at NatWest is expected to bring valuable insights to HSBC [1]

Core Insights - Grupo Rotoplas has been awarded the 2025 Sustainable Innovation Leadership Award by HSBC in collaboration with EY, recognizing its commitment to sustainability in the Environmental category [1][2]. Group 1: Awards and Recognition - The 2025 award marks a significant achievement for Grupo Rotoplas, completing a full cycle of awards across the three ESG dimensions: Environmental, Governance (2022), and Social (2023) [2]. - The independent judging panel acknowledged Rotoplas' Sustainability Strategy, which emphasizes efficiency, innovation, and environmental stewardship, aligning with the UN Sustainable Development Goals [3]. Group 2: Company Overview - Grupo Rotoplas is a leading provider of water solutions in the Americas, with over 45 years of industry experience and operations in 14 countries [4]. - The company has a diverse portfolio that includes 27 product lines, a services platform, and an e-commerce business, and has been listed on the Mexican Stock Exchange since December 10, 2014 [4].

Max Kettner, chief multi-asset strategist at HSBC, joins CNBC's "Money Movers" to discuss his market outlook. ...

Earnings Expectations - Earnings expectations for Q3 are down 2% quarter over quarter, similar to the setup seen in Q2 [2] - In Q2, consensus earnings expectations for the broader market (excluding technology) were about 2.5%, while realized earnings growth was 8.5%, indicating significant upside potential [3] Market Performance - The Dow and S&P indices experienced their best week since August, reflecting a positive sentiment in the market [1] - Despite some sectors underperforming, such as regional banks and oil, defensive sectors like healthcare, utilities, and gold are performing well [5] Sector Analysis - Regional banks have underperformed by more than 25 percentage points compared to large banks since early 2023, suggesting a preference for large banks as a safer investment [8] - The oil sector is facing challenges due to excess supply following the end of the US driving season, leading to a lack of allocation in energy assets [7] Investment Strategy - The strategy involves not completely rotating away from AI and tech stocks but also considering buying dips in banks and looking at industrials [9] - Gold is being recommended alongside tech stocks, driven by factors such as China's gold stockpiling and central bank diversification [10][14]

indices all coming off their second positive week in three. The Dow and the S&P with their best week since August. Joining us with his outlook this morning, HSBC chief multiasset strategist Max Kentner.Max, good to see you again. What do you think is driving some of this short-term enthusiasm. It's I mean, without data, we don't have as many Fed conversations, but certainly earnings are beginning to heat up.Yeah, I think it's uh really the earnings side of things because when we look at earnings expectation ...