UBS recently unveiled a new share repurchase program totaling up to $2 billion, with $1 billion of that amount expected to be executed this year. The bank’s long-term plan includes repurchasing up to $1 billion of shares in 2024, following the completion of the merger between UBS AG and Credit Suisse AG by the end
The Japanese Yen (JPY) continues to face challenges as it fails to capitalize on a modest Asian session uptick against the American dollar. Despite a slight increase, the JPY remains within reach of a multi-decade low reached last week, signaling weakness in the currency. The cautious outlook from the Bank of Japan (BoJ), highlighting that
The recent rally of the U.S. dollar to a 4-1/2-month high against major peers has triggered a flurry of activity in the financial markets. Traders have recalibrated their expectations for the Federal Reserve’s interest rate policy, leading to a surge in the dollar’s value. The dollar’s strength was further bolstered by positive U.S. manufacturing data,
The demand for exchange-traded funds (ETFs) among investors shows no signs of slowing down. Steve Sachs, the global chief operating officer of Goldman’s ETF Accelerator, emphasizes that firms that do not offer ETF products may face significant consequences. Despite the challenges associated with launching an ETF, not providing clients with access to current and new
When it comes to making financial decisions, it is crucial to conduct thorough due diligence. The information available on websites may include general news, personal analysis, opinions, as well as content provided by third parties. However, it is essential to remember that this information is intended for educational and research purposes only. Therefore, it should
The analysis of the GBPUSD price movement over the past week reveals a stagnation in a tight 500 pip range, predominantly hovering around the 1.2620 level. Despite attempts by bears to initiate a downward trend analogous to the EURUSD, the GBPUSD has managed to find support around the 200-day moving average, showcasing a temporary stalemate
The cryptocurrency market capitalization hit a low of $2.63 trillion, marking the bottom of the range for the week. In the past 24 hours, the top coins have shown minimal momentum, with Bitcoin (BTC) experiencing a 0.9% decrease, Ethereum dropping by 1.9%, and Binance Coin (BNB) declining by 3%. On the other hand, Solana saw
The Japanese Yen (JPY) continues to face challenges as the Bank of Japan’s (BoJ) cautious approach and intervention fears limit its losses against major currencies. Despite the risk-on mood and uncertainty surrounding future rate hikes, the safe-haven nature of the JPY is currently being undermined. Finance Minister Shunichi Suzuki’s comments about speculative moves fueling the
Recent data from a closely watched central bank survey in Japan has revealed that business sentiment among big non-manufacturers has reached a more than three-decade high in the first quarter. This positive development offers hope to policymakers that domestic demand will play a critical role in supporting the country’s fragile economic recovery. However, while non-manufacturers’
Tony Dwyer, the chief market strategist at Canaccord Genuity, believes that the Federal Reserve may have new incentives to cut rates deeper in the second quarter of this year. His perspective is based on a deteriorating jobs market and easing inflation, which he thinks will ultimately push the Fed to take more aggressive action. Dwyer
The collapse of the Francis Scott Key bridge in Baltimore’s harbor sent shockwaves through the city, resulting in the tragic deaths of six road workers. The bridge crumbled as a massive container ship crashed into a support pylon, causing a significant portion of the structure to fall into the Patapsco River. This devastating event not
Following the tragic collapse of Baltimore’s Francis Scott Key Bridge, salvage crews are gearing up to lift the first piece of the bridge from the water. This crucial step will not only allow access for barges and tugboats to the disaster site but also marks the beginning of a complex effort to reopen the city’s