Author: Daniel snow
UBS raises pound forecast on U.K. fiscal challenges Source link
Verona Pharma’s stock soars toward a record after $10 billion buyout deal with Merck. Source link
U.S. President Donald Trump walks as workers react at U.S. Steel Corporation–Irvin Works in West Mifflin, Pennsylvania, U.S., May 30, 2025. Leah Millis | ReutersAs President Donald Trump’s tariffs against more than a dozen countries spark fresh concerns about looming country-specific trade measures, often overlooked are the levies on specific products and commodities that are already in place or could soon be coming.These so-called “Section 232” tariffs — already announced on cars, steel and aluminum, and floated for copper and other items — further constrain businesses and U.S. trading partners trying to navigate a constantly evolving trade environment.Trump said Tuesday that he would…
UBS forecasts EUR/USD to hit 1.20 by end of Q3 Source link
There’s no consistent pattern to how the stock investors react when the Fed lowers rates. Source link
Investors may want to consider bracing for a weaker stock market performance over the next six months.According to Vanguard’s Roger Hallam, it’s prudent for long-term investors to have sufficient exposure to fixed income in this environment.”Our outlook for the second half of this year is that growth will slow,” the firm’s global head of rates told CNBC’s “ETF Edge” on Monday.Hallam predicts the labor market will continue to gradually cool while inflation rises. Hallam expects the Federal Reserve will ultimately prioritize jobs and cut interest rates toward the end of this year to provide insurance.”We think that will provide a…
UBS raises USD/JPY end-Q3 target to 140.00 amid BoJ dovishness Source link
A for-sale sign hangs in front of a house in Patchogue, New York, on June 1, 2024.Steve Pfost | Newsday | Getty ImagesA brief drop in interest rates caused a strong bump in otherwise tepid mortgage demand. Total mortgage application volume jumped 9.4% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Last week’s results included an adjustment for the July 4 holiday.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, decreased to 6.77% from 6.79%, with points holding steady at 0.62, including the origination fee,…
Jakub Porzycki | Nurphoto | Getty ImagesBank of New York Mellon will be the primary custodian for the Ripple’s U.S. dollar-pegged stablecoin reserves going forward, the two companies said Wednesday.The partnership should enhance regulatory compliance for Ripple, the issuer of ripple USD (RLUSD), and boost institutional credibility for the company as well as the fast growing stablecoin industry. BNY Mellon is the nation’s oldest bank and primarily serves institutions and corporations.It also adds to the growing number of traditional institutions and companies showing interest in stablecoins – a shift that has quickly become known as “stablecoin summer” – as the…
How to secure shelf space in the biggest speciality beauty retailer in the U.S. Source link