April 16, 2024

UBS Forecasts the Swiss banking giant, has revised its outlook for the first quarter, anticipating low single-digit growth in combined net interest income (NII) for its wealth management and personal and corporate banking divisions. This upward adjustment from previous guidance reflects UBS’s optimism regarding the performance of its core business arms in the current quarter. …

UBS Forecasts Growth in First Quarter Net Interest Income Read More »

The Dollars Rally is currently on a trajectory of significant appreciation, fueled by uncertainties surrounding inflation and the contrasting monetary policy outlooks of central banks worldwide. This article delves into the factors propelling the dollar’s surge, the implications for global economies, and the potential ramifications for various market participants. Understanding the Dollar’s Ascendancy 1. Implications …

The Dollars Rally: A Reflection of Diverging Rate Outlooks Read More »

Euro Tries to Recoup In European trade on Monday, the euro made gains against a basket of major rivals as it attempted to recover from five-month lows against the dollar. This upward movement came alongside an improvement in risk sentiment worldwide. Despite the current uptick in the euro’s performance, a bearish outlook persists among investors. …

Euro Tries to Recoup from Five-Month Trough Read More »

Wall Street Climbs US stock indices surged on Monday, propelled by upbeat retail sales data and robust earnings reports from major financial institutions such as Goldman Sachs. Investor sentiment was buoyed by the optimistic economic indicators, with a particular focus on corporate earnings, especially within the technology sector. Market Momentum The bullish momentum on Wall …

Wall Street Climbs after Positive Data Read More »

Gold Prices Reach soared to unprecedented heights in European trade, surpassing the $2400 mark for the first time in history. This surge comes amidst escalating tensions between Iran and Israel, coupled with fluctuations in US treasury yields and economic indicators. Record-Breaking Ascent Gold prices witnessed a remarkable ascent, rising by 1.2% to reach $2400.69 per …

Gold Prices Reach $2400 for the First Time in History Read More »

Silver Trades prices surged in European trade, marking a significant milestone as they crossed the $29 threshold for the first time in three years. Buoyed by escalating geopolitical tensions in the Middle East, silver’s ascent reflects robust demand for precious metals, particularly amidst concerns about global economic uncertainties. Market Trends and Prices Silver prices climbed …

Silver Trades Above $29 for First Time in 3 Years Read More »

Brent Backs Off In recent European trade, the international benchmark Brent experienced a downturn from its six-month highs, falling below the $90 mark amid active profit-taking. This shift in the market sentiment follows a gradual reduction in tensions between Iran and Israel, leading to a decrease in concerns regarding a potential conflict. Market Trends and …

Brent Backs Off Six-Month Peak Read More »