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Search resuls for: "Norman Villamin"


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UBP strategist: We expect the ECB to cut rates next week
  + stars: | 2024-05-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBP strategist: We expect the ECB to cut rates next weekNorman Villamin, group chief strategist at UBP, says the U.S. Federal Reserve, on the other hand, "will hold fast."
Persons: Norman Villamin Organizations: ECB, U.S . Federal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEscalation in Israel won't have be a risk for energy markets, says strategistUBP's Norman Villamin says energy sector may be a safe haven from unrest in the Middle East region.
Persons: UBP's Norman Villamin Locations: Israel, East
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMexico's increased share of US imports will be a long-cycle driver to its economy: UBPNorman Villamin of UBP says Mexico is a major beneficiary in the global supply chain shift and he shares how Asian investors can play that market.
Persons: Norman Locations: UBP, Mexico
As investors bet on a milder inflation outlook, the MSCI World Equity index (.MIWD00000PUS) rose to its highest so far this year. BOND YIELD BOUNCEU.S. government bond yields bounced back slightly on Friday after sharp declines earlier in the week. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was up 10.6 bps at 4.717%. "Getting the 3% (inflation reading) is one thing, getting back to 2% is going to be a much harder task," Villamin said. LOWER DOLLAR HOLDSThe dollar hovered near a 15-month low on Friday and was set for its biggest weekly decline since November after softening U.S. inflation data.
Persons: Brendan McDermid, Germany's DAX, Michele Morganti, Morganti, Norman Villamin, We're, Villamin, Brent, Lawrence Delevingne, Elizabeth Howcroft, Jan Harvey, Nick Macfie Organizations: New York Stock Exchange, REUTERS, U.S . Federal Reserve, Wednesday U.S, JPMorgan Chase, UnitedHealth, Dow Jones, Nasdaq, Generali Investments, Treasury, Brent, Thomson Locations: New York City, U.S, Rome, Libya, Nigeria, Boston, London
As investors bet on a milder inflation outlook, the MSCI World Equity index rose to its highest so far this year. On Friday it was up 0.2% on the day, after a week of gains put it on track for its biggest weekly rise since November 2022 (.MIWD00000PUS). The positive momentum was set to continue into Wall Street, with S&P 500 futures up 0.1% and Dow futures up 0.4% . The U.S. dollar index was at 99.821, holding near the 15-month low of 99.574 hit earlier in the session and set for its biggest weekly decline since November . Meanwhile the Swedish crown was set for its biggest weekly gain against both the dollar and euro in 14 years , .
Persons: Germany's DAX, Norman Villamin, We're, Villamin, UBP's Villamin, Brent, Gold, Elizabeth Howcroft, William Maclean, Chizu Organizations: U.S . Federal Reserve, Dow, Money, Federal Reserve, U.S, JPMorgan Chase, Wells, Thomson Locations: Europe, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe U.S. Fed will probably err on the side of not pausing rate hikes too soon, says strategistNorman Villamin, group chief strategist at UBP, says there are still concerns about the latest inflation data.
Persons: Norman Villamin Organizations: U.S, Fed
Restaurants and tourism businesses recovered, with travel-related consumer services sector earnings surging 155%, data from China International Capital Corp (CICC) showed. Food-and-beverage sector earnings jumped 18% and automobiles were up a smaller 8%. Several analysts believe the first quarter will be the low point for 2023 and full-year earnings will reach double digits. Refinitiv data forecasts full-year earnings growth of 26% for companies listed on the Shanghai Stock Exchange. The materials sector posted the worst results, with earnings in steel and building materials tumbling more than 60%, respectively.
LONDON, Nov 1 (Reuters) - European stocks rose in early trading on Tuesday, supported by speculation among investors that central banks could come to the end of their rate-hiking cycles. Norman Villamin, chief investment officer of Wealth Management at UBP, said the rise in European stocks could be due to "effectively dovish" guidance from the European Central Bank last week. RATE HIKESThe Fed is expected to raise interest rates by 75 basis points on Wednesday, but investors will look for any signals the Fed may be considering a deceleration in interest rate hikes in the future. Villamin said that central banks are caught in a "tug of war" between the slowing economy and high inflation. China's yuan hit a near 15-year low against the dollar, after the central bank fixed the official guidance rate at its lowest level since the global financial crisis of 2008.
Francois Savary, chief investment officer at Prime Partners SA, a Swiss wealth manager with around $4.1 billion of assets, says it is difficult for investors to avoid China exposure. Indus Capital Partners, a New York-based investment manager, started to reduce exposure in China in pan-Asian funds in 2021, but has since returned. Greater China exposure in its $1.37 billion long-only fund, Indus Select, has increased modestly. Some fund managers think Xi wants to quickly get back to the business of supporting the economy. "Investors are just in this 'wait and see' mode to get more clarity that stronger growth can be achieved," said St Clair.
Swiss bank UBP returns to Chinese markets
  + stars: | 2022-09-23 | by ( Summer Zhen | ) www.reuters.com   time to read: +2 min
The Union Bancaire Privee (UBP) sign is seen at one of its branch offices in Zurich, Switzerland November 20, 2017. REUTERS/Arnd WiegmannHONG KONG, Sept 23 (Reuters) - Swiss private bank Union Bancaire Privée (UBP) is back in Chinese markets, its chief investment officer said, making its way back to the world's second-largest economy after withdrawing last year. Villamin said UBP saw some “hope” that there would be more stimulus measures ahead of and after the Communist Party Congress in October. UBP has however only bought China A-shares, which is the domestic sector, and is avoiding companies that might have exposure to geopolitical issues. UBP believes China is slowly poised to recover although it will not be a smooth sailing.
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