Despite a recent pullback, the gold rally is far from over. An uncertain election will bring volatility in the market, driving the yellow metal higher.
Top European bank UBS does not believe U.S. President Donald Trump will push China to the brink of a “cold war.” It may further fuel the stock market in Q3.
Dow bulls are on the defensive as the blue-chip index careens toward a critical support level. If breached, a new selloff could resume.
Conditions are favorable for another steep fall in the U.S. Treasury bond yield curve, says UBS, Switzerland’s largest financial institution. In revised projections published Wednesday, the bank identified U.S.-China trade tensions and their impact on economic growth as the chief catalyst for the continued drop off in yields. UBS Cuts Forecast on 10-Year U.S. Treasury … Read more
The Dow and overall US stock market bounced back on Monday, as investors diverted their attention from risks associated with both the US-China trade war and what many fear could develop into an actual war between the US and Iran. Meanwhile, a UBS analyst warns that the global economy is “one step away” from a brutal … Read more
By CCN.com: The stock market is close to record-setting highs, yet one Wall Street strategist says don’t believe the Fed hype. UBS Group’s head of equity strategy, Francois Trahan, has a warning for investors – the Fed doesn’t pack quite the same punch as it used to. According to Trahan cited in CNBC, the “Fed … Read more
By CCN.com: In the past four days, the Dow Jones has climbed from 24,721 points to 25,677 as a dovish Federal Reserve launched the U.S. stock market into a strong short-term recovery. Futures market traders believe there is a 75 percent chance of an interest rate cut by the end of July, subsequent to the … Read more
Speaking at a CNBC panel at the World Economic Forum in Davos, Sergio Ermotti, the chief executive officer of Swiss bank UBS said the massive December sell-off was the result of political fears as well as the reality setting in that the Fed is tightening up the money spigots. December losses on the S&P 500, … Read more
By CCN.com: Asian and European markets opened Tuesday on a weaker note as the International Monetary Fund (IMF) warned about sluggish global growth in 2019. Weak Chinese Market Forecasts The Asian session primarily saw a slowdown in the Chinese economy. At 0625 UTC, the Shanghai Composite index was trading at 2579.669 points, down 1.15% from … Read more
The chairman of UBS has claimed that, according to him, bitcoin does not fulfill the functions of a currency. UBS Chairman and former Bundesbank (Germany’s central bank) president Axel Weber was speaking at a financial conference in Zurich this week when he played down the potential of bitcoin, a decentralized cryptocurrency completely independent of a … Read more