UBS

Wall Street Rises for Third Day on Interest Rate Optimism

In two trading days in a row, the New York Stock Exchange had risen from weeks of ashes. It became a third day in a row when a renewed hope of lowered interest rates in the USA contributed to lifting stock prices.

Freight Volumes Drop 9.7% in Chinese Ports as Trade Tensions Rise

The trade war between the USA and China is clearly visible in Chinese harbors. The activity there has slowed down significantly at the beginning of April, reports the newspaper The Wall Street Journal, referring to fresh weekly figures. At the same time, the major bank UBS is lowering its China forecast.

Art Market Faces Global Decline as Sales Drop 12 Percent in 2024

Vix Surge Signals Growing Recession Fears in US Markets

Vix, which is usually referred to as Wall Street's fear index, temporarily rose to over 60 on Monday morning. It is a surge upwards of 130 percent compared to the previous day.

JP Morgan Warns of US Recession Under Trump, Predicts GDP Decline

President Donald Trump is on his way to send the US economy straight into a recession. This is the assessment of the major bank JP Morgan Chase & Co following last week's stock market crash.

Stockholm Stock Exchange Ends Flat as Saab Leads Gains

The Stockholm stock exchange moved around zero during large parts of Monday and the broad OMXS index closed unchanged.

Stock market crash in New York – sharp decline for Tesla

The downturn was severe on the New York stock exchange when it closed on Monday – with among other things Nasdaq's technology-heavy index making its worst day since September 2022. Electric car manufacturer Tesla's share fell significantly by 15.4 percent.

Major Bank Concealed Nazi Accounts

The Swiss major bank Credit Suisse concealed information about bank accounts with links to Nazi Germany, shows an investigation conducted by a committee appointed by the US Senate.