瑞联委托管理方案：真正为您量身定制

UBP Zurich recently hosted the first edition of UBP Classical Nights, an intimate concert series celebrating young classical music talent, inspiring performances, and meaningful conversations.

The collapse of the ceasefire between the US and Iran has pushed oil prices higher.

The markets are looking to the future, whilst central banks are looking to the past.

In June, we highlighted a paradox: a demanding macroeconomic environment, yet markets buoyed by exceptional corporate earnings. The mid-year point validates that reading and brings with it a turning point. The recent agreements between the United States and Iran have drawn a line under the energy shock that dominated the first half of the year, and the landscape now opening up is a different one, calling for greater selectivity.

Cooling US employment and easing eurozone inflation are strengthening the case for an extended pause from both the Federal Reserve (Fed) and the European Central Bank (ECB) – a supportive backdrop for risk assets.

The closure of the Strait of Hormuz has been the GCC’s biggest geopolitical shock in decades – but not a credit crisis.

A fading energy shock drove developed market rates lower, even as US personal consumption expenditure (PCE) inflation surprised on the upside at 4.07% y/y, with artificial intelligence (AI)-related costs emerging as a new structural source of price pressure.