{
}
Billionaire Ken Fisher, founder of Fisher Asset Management, emphasizes long-term investment and diversification, managing a portfolio worth approximately $244 billion. He believes that market prices are driven by supply and demand, and despite concerns over tariffs and economic policies, he remains optimistic about global economic growth and the resilience of the stock market. Fisher's insights suggest that current market volatility should not deter investors from holding stocks, as rebounds are likely.
Goldman Sachs has raised its year-end gold price target from $3,100 to $3,300 per ounce, driven by geopolitical risks and expectations of Federal Reserve rate cuts. Spot gold prices recently hit a record high of $3,059.48 per ounce, with strong demand for gold-backed ETFs indicating potential for further increases. Central bank purchases have surged, marking a significant shift in the global reserve system and positioning gold as a strategic asset in the evolving economic landscape.
UBS shares fell 3.6% after Bank of America Securities downgraded the bank to "Underperform" from "Neutral." This decision stems from concerns over new capital regulations that may force UBS to bolster its reserves significantly, a move aimed at preventing issues similar to those faced by Credit Suisse. While UBS is considering relocating its headquarters, analysts view this as a last resort due to the complexities involved.
UBS has maintained a "Buy" rating for Nordea Bank Abp, setting a target price of 150 Swedish kronor ahead of the bank's first quarter results due on April 16. Analyst Johan Ekblom anticipates a slight decline in net profit compared to the previous quarter, projecting a 19% drop year-on-year due to lower revenues, increased costs, and normalizing credit losses. He also notes that interest rate cuts will pose challenges to earnings, with deposit protection and currency effects insufficient to mitigate these pressures.
Bank of America CEO Brian Moynihan anticipates no interest rate cuts this year, citing persistent inflation. He discussed the impact of President Trump's new 25% auto tariffs, predicting higher car prices and slower vehicle purchases, while noting that consumer spending remains strong despite declining sentiment. Moynihan emphasized that employment and wage growth are crucial for consumer confidence amid ongoing economic uncertainties.
S&P Global Ratings has upgraded Raiffeisen Bank International's outlook from negative to stable, affirming its 'A-/A-2' ratings. This change follows the bank's strategic exit from Belarus and significant reduction of operations in Russia, which has mitigated non-financial and reputational risks. Despite a projected decline in net profit for 2024, the bank's strong financial performance and robust risk management practices are expected to sustain its creditworthiness amid ongoing geopolitical uncertainties.
Deutsche Bank warns of a significant risk to the US dollar's dominance, citing concerns over the reliability of dollar swap lines during market stress. As European Central Bank officials question their dependence on these lines, the potential for de-dollarization grows, particularly among major economic rivals like China and Russia. This uncertainty could lead to reduced foreign ownership of US assets and a weakening of the dollar's role globally, coinciding with a surge in gold prices.
Several municipal employees have left Barclays as the market faces a challenging March, characterized by heavy supply, low redemptions, rate volatility, tax-related selling, and fund outflows. Strategists Mikhail Foux and Grace Cen highlight these factors contributing to the volatility.
Deutsche Bank warns that the Federal Reserve's potential withdrawal of its liquidity backstop could jeopardize the dollar's status as a reserve currency, marking a significant risk since World War II. Informal discussions among European officials suggest concerns over the reliability of Fed swap lines, which allow global institutions to borrow dollars during financial stress. Such fears could drive a shift towards de-dollarisation among America's Western allies, especially if the Trump administration influences the Fed's actions.
Bank of America economists predict a short-term rally for the U.S. dollar following upcoming tariff announcements, but maintain a bearish outlook due to stagflation risks and diverging policies between the U.S. and Europe. They anticipate the euro could strengthen significantly as Europe embarks on a major economic transformation, with the euro-dollar exchange rate expected to reach 1.15 by December 2025.
Central Bank Actions
SubCategory
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ken fisher highlights charles schwab as a low volatility stock option
United States Dollar
Fisher Asset Management LLC
The Charles Schwab Corporation
USA
Jeff Silk
Ken Fisher
02:06 28.03.2025
Goldman Sachs Raises Gold Price Target Amid Geopolitical Tensions and Fed Expectations
Euro
United States Dollar
The Goldman Sachs Group, Inc.
RUS
CAN
USA
Donald Trump
Bob Haberkorn
Show more
01:56 28.03.2025
ubs shares fall after bank of america downgrades to underperform
23:30 27.03.2025
ubs maintains buy rating for nordea bank ahead of quarterly results
23:21 27.03.2025
bank of america ceo predicts no interest rate cuts amid tariff concerns
United States Dollar
Bank of America Corporation
JPN
USA
Liz Claman
Brian Moynihan
Donald Trump
Show more
22:34 27.03.2025
s and p global ratings upgrades raiffeisen bank outlook to stable
21:15 27.03.2025
de-dollarisation risks rise as central banks question us dollar swap lines
United States Dollar
Deutsche Bank Money Market PP
RUS
CHN
USA
Donald Trump
Joe Biden
Greg Rubini
Show more
19:27 27.03.2025
Barclays analysts predict challenging March for muni employees amid market volatility
18:26 27.03.2025
fed backstop concerns could jeopardize dollar's reserve currency status
United States Dollar
Royal Bank of Canada
Bank of England
Swiss National Bank
Bank of Japan
Industrial Bank of Korea
Banco DE Mexico
Deutsche Bank Money Market PP
MEX
CAN
BRA
JPN
CHE
KOR
GBR
USA
George Saravelos
Show more
17:02 27.03.2025
us dollar may rally briefly as tariffs loom but long term outlook bearish
16:55 27.03.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Banking Regulations
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
CEO Changes
Industry Mergers & Acquisitions
Central Bank Actions
Global Trade Developments
GDP Growth & Recession Forecasts
Financial Scams and Security
Market Analysis and Predictions
Inflation and Monetary Impact
Government Policies
Workplace Trends
Government Economic Policies
Startups & Entrepreneurship
Supply Chain Management
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Barclays PLC
Bank of America Corporation
Wells Fargo & Company
Citigroup Inc.
Deutsche Bank Money Market PP
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
Credit Suisse Lux Digital Healt
Microsoft Corporation
UBS Group AG
Banco Santander, S.A.
BNP Paribas SA
Amazon.com, Inc.
UniCredit S.p.A.
Credit Suisse Strategic Income I
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Russian Ruble
Australian Dollar
Canadian Dollar
United Arab Emirates Dirham
Indonesian Rupiah
Saudi Riyal
South Korean Won
Danish Krone
Offshore Chinese Yuan
Turkish Lira
Hong Kong Dollar
Mexican Peso
Malaysian Ringgit
People: