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Search resuls for: "UBS Asset Management"


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☆ Recession 2023: Jerome Powell's Legacy Will Dictate Inflation, Stock Market, Economy
  + stars: | 2023-01-30 | by ( William Edwards | ) www.businessinsider.com   time to read: +15 min
This obsession with controlling inflation — and potentially causing serious pain for average Americans — is driven by one major factor: legacy. High inflation eats away at consumers' purchasing power, and persistent inflation seeps into expectations for price and wage adjustments, which further fuel inflation. What's more, the full impact of the Fed's rate hikes have yet to hit. Legacy actsThere are signs that certain Fed officials are ready to dial back on the inflation fight. And navigating such a tricky economy — without throwing hundreds of thousands of Americans out of work — could cement Powell's legacy.
☆ Wall Street 2023 Predictions Already Wrong: Recession, Inflation, China
  + stars: | 2023-01-18 | by ( Linette Lopez | ) www.businessinsider.com   time to read: +12 min
Across Wall Street, finance workers of all stripes are returning to work after skiing, gallivanting around the Caribbean, or just visiting Mom for the holiday season. Of course, there's some uncertainty in all this, and Wall Street could still be proved right. Already some Wall Street economists are revising their predictions given the strong economy, even if they're not backing off their priors quite yet. It may take years to get the Chinese consumer, on which Wall Street has placed so many hopes, back to the strength of yesteryear. Don't hatchet your chickens before they countTo be fair, not every Wall Street analyst is looking sheepish right now.
☆ As crypto hackers and thieves make off with billions, there's another kind of fraud lurking in the industry.
  + stars: | 2023-01-17 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
I'm sorry to say when you dig deeper into the practices of opaque crypto exchanges, there's little to restore that faith. Timothy Cradle, director of regulatory affairs at Blockchain Intelligence, told Insider that wash trading is market manipulation. NBER researchers estimated that wash trading comprises nearly half of all transactions on Binance, the world's largest crypto exchange by volume. Similarly, KuCoin, another top-five crypto exchange, was estimated to have 52.9% of its transactions consist of wash trading (which the company denied). Are you surprised that the researchers found wash trading to be so rampant a practice?
☆ A portfolio manager and top strategist at UBS Asset Management shares 5 opportunities he's most bullish on for 2023 as the Fed plans to keep rates elevated
  + stars: | 2023-01-13 | by ( William Edwards | ) www.businessinsider.com   time to read: +4 min
5 places to invest in 2023In the US, given his aversion to growth, Brown is bullish on value stocks. "You think about how much money went into growth stocks, in particular mega-caps over the last decade-plus, in a certain economic environment — low-growth, low-rate, economic environment. The Vanguard Value Index Fund (VTV) offers exposure to US value stocks. Brown is also bullish on areas outside of US equities, including Chinese stocks and emerging market stocks. The iShares MSCI China A ETF (CNYA) offers exposure to Chinese stocks, and the Schwab Emerging Markets Equity ETF (SCHE) offers exposure to emerging market stocks.
☆ Analysis: Bank of Japan gives an inch, investors ready to claim a mile
  + stars: | 2022-12-21 | by ( Tom Westbrook | ) www.reuters.com   time to read: +5 min
But rather than providing breathing room, investors say it is likely to encourage more of the sort of pressure that has bent the bond market out of shape. "Fifty basis points becomes the new 25 basis points. When trading resumed in Japan, 10-year JGB yields shot towards their new ceiling and futures fell so fast it triggered a circuit breaker suspending trade. By the end of the session, 10-year bond yields sat 14.5 basis points higher at 0.395%, the sharpest one-day rise for Japanese 10-year yields in more than 14 years. Mandatory credit Kyodo/via REUTERSThose swaps - another market measure of interest rate expectations - tracked bond yields until early this year.
☆ Investor Cat Rock reduces stake in Just Eat Takeaway - SEC filing
  + stars: | 2022-12-16 | by ( ) www.reuters.com   time to read: 1 min
AMSTERDAM, Dec 16 (Reuters) - U.S. investor Cat Rock, previously the second-largest shareholder in meal delivery firm Just Eat Takeaway.com (TKWY.AS), has sold part of its stake, according to an SEC filing. The filing on Dec. 15 showed the stake standing at 4.93% with 10.65 million shares as of Dec. 12. Refinitiv data showed the investor had previously held around 14.79 million shares, or 6.85%. The largest shareholders in Just Eat are now founder Jitse Groen with 7.1%, Baupost Group with 6.5%, Caledonia Investments with 6.15%, and UBS Asset Management with 5.85%. Reporting by Toby Sterling Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
☆ 5 charts show why now is a good time to invest in bonds while they look the most attractive relative to stocks in years
  + stars: | 2022-12-05 | by ( William Edwards | ) www.businessinsider.com   time to read: +2 min
After years of offering low returns, bond yields are up as the Fed raises interest rates. Both UBS Asset Management and Bank of America have shared charts showing why bonds look attractive. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. If the economy slows meaningfully, inflation will likely cool, leading to falling interest rates and higher bond prices." Below are charts that Bank of America and UBS Asset Management shared to put bonds' current attractiveness into historical context.
☆ A Fed rate hike of 50 basis points is a 'certainty,' UBS Asset Management says
  + stars: | 2022-12-01 | 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 EmailA Fed rate hike of 50 basis points is a 'certainty,' UBS Asset Management saysKevin Zhao of UBS Asset Management says the terminal rate is important but what the U.S. Federal Reserve does afterward is even more so.
☆ Analysis: European companies' robust Q3 makes timing the end of the bear market even harder
  + stars: | 2022-11-11 | by ( Lucy Raitano | ) www.reuters.com   time to read: +4 min
Refinitiv data also shows analysts expect STOXX constituents to post quarterly earnings growth of 32.2% year on year, compared to just 4.3% for the benchmark S&P 500 index (.SPX) in the United States. Inflation has seen prices soar on the continent, but so far companies are showing they have been able to pass on rising costs. Of the 243 that have reported revenue, 80.7% beat analyst estimates, compared with 58% in an average quarter, according to Refinitiv. The STOXX technically entered a bear market in late September when it accumulated losses of more 20% from a January peak. “Our thesis at the moment is that we're not ready to say the bear market has finished.
☆ World stocks slip to near 2-yr low ahead of U.S. CPI data
  + stars: | 2022-10-13 | by ( Marc Jones | ) www.reuters.com   time to read: +6 min
Global markets have suffered a torrid few weeks and there was little sign of respite in either Asia or Europe as weak equities knocked MSCI's 47-country world index (.MIWD00000PUS) down for a seventh straight day. It has fallen nearly 4.3% in the last six days, with markets worried that aggressive global interest rate hikes will trigger recessions. Data had already confirmed German harmonised inflation was +10.9% y/y in September but all eyes are on U.S. CPI data due at 1230 GMT. The dollar index, which gauges the greenback against six major rivals, barely budged from around 113.25 ahead of the CPI data. "Markets still feel very dysfunctional"Meanwhile, crude oil markets remained weak following a 2% slide on Wednesday amid worries over demand.
☆ Don’t worry, there’s still hope for the stock market
  + stars: | 2022-10-11 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +5 min
New York CNN Business —The back-to-back huge market rallies last week may seem like a distant memory to investors now that stocks have slid for the past four days. The S&P 500 and Nasdaq both hit new 52-week lows on Tuesday before turning higher, and the Dow is not far from a 52-week low either. That included three instances from late 2008 when market volatility was at a peak during the Global Financial Crisis. The S&P 500 was up nearly 15% one year following massive back-to-back rallies, compared to normal historical gains of just 9%. But it’s also worth noting that the S&P 500 is still slightly higher than where it closed on September 30, despite the recent losses.
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