Newsroom

Chancellor John Healey promised us a boring budget. On that, he delivered, with markets seemingly stable in the aftermath. However, it was a more nuanced and complex picture beneath the surface.

When traditional assets increasingly share the same global drivers, diversification may depend on finding genuinely different sources of return.

As a Bank with medical research among its philanthropy priorities, UBP placed health at the heart of its collective priorities this October and brought colleagues together across the Group to raise funds for the fight against breast cancer.

Global equities slipped for a second week as investors questioned whether debt-funded artificial intelligence (AI) spending can earn adequate returns. US Treasury yields fell back below 5%, while French government bond spreads reached their widest levels since the eurozone crisis. Hyperscaler earnings and a string of major policy meetings make this a decisive week, though most central banks are expected to leave their interest rates unchanged.