UBS: bull market to continue rising
UBS raised its S&P 500 earnings forecast and index targets in a research note this week, citing a stronger earnings outlook and growing confidence that growth will continue into next year.
The US will impose "toughest sanctions in history" on Iran
US Treasury Secretary Scott Bessent said Thursday that Washington will impose tough sanctions on Iran, backing up President Donald Trump's threats of an economic war against Tehran.
Many Fed officials see a possibility of rate hikes if inflation persists.
Many U.S. monetary policymakers have stated that interest rate hikes would likely be necessary if inflation does not decline.
US national debt has exceeded $40 trillion for the first time.
Total U.S. government debt surpassed the $40 trillion mark for the first time in history,
Gold rally not over: UBS targets $5,400
UBS has extended its gold price forecast by one quarter, setting a target of $5,400 per ounce by the end of September 2027.
Asian currencies rise; won hits one-year high
Asian currencies rose slightly on Wednesday, while the US dollar remained near multi-month lows, as falling Treasury yields provided support to regional currencies.
Trump is interviewing candidates for the post of FDA chief.
President Donald Trump is personally interviewing potential candidates for the position of Commissioner of the U.S.
BofA expects EUR/USD to weaken by the end of the third quarter
Bank of America expects the euro to weaken against the US dollar by the end of the third quarter, citing stronger US economic data and a more accommodative stance by the Federal Reserve.
Trump: Kim Jong Un responded to his call for dialogue.
President Donald Trump said on Monday that North Korean leader Kim Jong Un had responded to his recent attempts to establish contact
Bitcoin stuck at $63,000: ETF outflow largest in six months
Bitcoin spot exchange-traded funds (ETFs) recorded their largest outflow since late June last week, interrupting a strong start to August, Bloomberg reports.