Express News | UBS Group: The process of further increasing its shareholding in UBS Securities to 100% is underway.
Express News | UBS Group has upgraded the US utility sector from neutral to shareholding.
Express News | The Peking state-owned company plans to sell 33% of its shares in the joint venture csi all share investment banking & for 1.54 billion yuan.
Express News | ubs group investment banks in china: optimistic about investments in chinese automotive brands.
Express News | UBS Group expects the msci chinese index to achieve a return of 5-6% in 2025.
Market analysis: The euro to dollar exchange rate may fall to parity due to the sluggish economy in the eurozone.
As concerns grow about the deteriorating economic outlook in europe, the risk of the euro falling to parity against the usd is rising. Last Friday, the preliminary euro zone November Purchasing Managers' Index (PMI) was released, significantly below expectations, causing the euro to drop to a two-year low of 1.0336 usd. PMI measures the activity levels in manufacturing and services. Investors are increasingly worried that the trade tariff proposals suggested by the newly elected president of the usa, Trump, could have a devastating impact on the export-oriented economy of europe, in addition to the escalating tensions between russia and ukraine. The european central bank seems likely to lower interest rates further.