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UBS: What options does the EU have to support the energy market – The best solution

Her Eleftherias Kourtalis The options of the E.E. to support the energy market, UBS examines, concluding which solution would be the best for the region. On Monday, European Commission President Ursula von der Leyen said "the surge...

UBS: The energy crisis sends the Eurozone into a certain recession in the second half

Her Eleftherias Kourtalis Higher energy prices will push the Eurozone into recession in the second half of 2022, UBS estimates, while inflation will peak in September with the ECB continuing rate hikes until April 2023. With energy...

UBS: Raises the bar for growth in Greece this year to 5.7% due to tourism

By Eleftherias Kourtalis To 5.7% from 4% before, UBS upgrades its estimate for growth in Greece in 2022, stressing that the country's economic performance has proven to be particularly strong this year, while tourism is expected to...

UBS: Don’t get too excited about the stock rebound – The triple threat for markets

Her Eleftherias Kourtalis The recent rally in stocks, especially in July, caught many investors by surprise as markets rebounded despite aggressive central bank interest rate hikes, soaring inflation, energy turmoil in Europe, a new housing crisis in...

UBS: Earnings rose, below estimates

UBS Group's second-quarter earnings moved higher, although they came in below analysts' estimates, due to a sharp drop in global equity and bond markets. The Swiss bank reported quarterly profit of $2.11 billion, up from $2.01 billion...

Goldman Sachs and UBS expect worst year for European shares since 2008

Strategists are cutting their targets for European shares, with Goldman Sachs and UBS Group now expecting the worst year for the region's shares since 2008. The Stoxx Europe 600 index will end 2022 at 44.4 points, down...