UBS recently unveiled a new share repurchase program amounting to $2 billion, with a significant portion of $1 billion set to be executed within the year. This move comes on the heels of the completion of the bank’s 2022 buyback, where 298.5 million shares were repurchased, representing 8.62% of its stock valued at $5.2 billion.
The Japanese Yen seems to be facing significant challenges in the foreign exchange market, as it fails to attract buyers despite fears of intervention and a risk-off impulse. The cautious outlook of the Bank of Japan (BoJ) is one of the main factors that continue to undermine the JPY, while lending support to the USD/JPY
After the release of U.S. data showing the first expansion in manufacturing since September 2022, the U.S. dollar maintained its position close to a 4-1/2-month high against major peers. This unexpected positive data resulted in traders delaying their expectations for the Federal Reserve’s first interest rate cut of the year. The dollar’s strength was further
The demand for exchange-traded funds (ETFs) among investors is showing no signs of slowing down. According to Steve Sachs, the global chief operating officer of Goldman’s ETF Accelerator, firms that do not offer ETF products may be at risk of losing business in the long run. Sachs emphasizes that the opportunity cost of not providing
When it comes to making financial decisions, it is crucial to conduct thorough due diligence checks. The content provided on various websites, including news, opinions, and analysis, should be taken as educational and research purposes only. It is essential not to see this information as recommendations or advice to take any action, such as making
The cryptocurrency market capitalization has experienced a significant decline, dropping to $2.63 trillion. This decline reflects the bottom of the range for the week, with the top coins such as Bitcoin, Ethereum, and BNB showing losses in the past 24 hours. Despite this, coins like Solana, Dogecoin, and Toncoin have shown gains. The market overall
The British Pound has been experiencing a period of stagnation, hovering around the 1.2620 level within a tight 500 pip range. Despite attempts by bears to push the GBPUSD into a downtrend similar to the EURUSD, the pair has consistently found buyers on dips towards the 200-day moving average at 1.2590. This deadlock appears to
When it comes to making financial decisions, it is crucial to conduct thorough due diligence checks before taking any action. The information provided on various platforms, including news websites and publications, may offer personal analysis and opinions that are intended for educational purposes only. However, it is essential to remember that this information should not
The Japanese Yen (JPY) has been facing challenges due to the cautious stance taken by the Bank of Japan (BoJ) and the prevalent risk-on mood in the market. The lack of clarity regarding future rate hikes and the uncertainty surrounding policy normalization have contributed to the weakening of the safe-haven JPY. While the risk-on sentiment
The recent tankan survey conducted by the Bank of Japan revealed that business sentiment among big Japanese non-manufacturers has improved to a level not seen in over three decades. This positive development in the first quarter offers hope to policymakers that domestic demand will play a crucial role in supporting the fragile economic recovery. The
As we move into the second quarter of the year, the Federal Reserve may have new incentives to cut rates even deeper. According to Canaccord Genuity’s Tony Dwyer, a deteriorating jobs market and easing inflation will likely push the Fed to take more aggressive action. Dwyer believes that while they may not need to return
The collapse of Baltimore’s Francis Scott Key bridge has left the city in turmoil, with the port economy at a standstill and thousands of jobs on the line. The urgent need for federal funding to rebuild the bridge and reopen the port is critical for the economic health of not only Baltimore but the entire