Market Update – February 1 – US100 Posts Best January Since 2001
Stocks and bonds corrected higher on Tuesday as the deceleration in ECI energized short covering and boosted risk appetite. Global Stock market finished solid. Earnings were mixed, but a lot of bad news has been digested, opening the door for bargain hunting. Treasury yields declined, led by the front end as […]
UBS Posts Net Profit of $7.6 Billion in 2022
UBS, a Swiss global investment bank, posted a net profit of US$7.6 billion in 2022 despite “difficult macroeconomic and geopolitical environment.” The Swiss financial services company also reported a profit before task (PBT) of US$9.6 billion and a diluted earnings per share (EPS) of US$2.25 during the past year. UBS disclosed these figures on Tuesday […]
Crude Oil Posts Biggest Rally Since November 4 with CPI Volatility Ahead
US Oil, Interest Rates and Recession Talking Points: The Market Perspective: WTI Oil Range Between 80 and 70; Oil Bearish Below 70 WTI crude oil has worked its way back into a technical situation between a prevailing bear trend from June and uneven technical support between 70 and 72 The upcoming CPI release will likely […]