News

UBS Urges Caution Despite Positive US Economic Data

UBS Urges Caution Despite Positive US Economic Data



UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS cautioned that the risk of a significant economic slowdown remains, especially after weaker July jobs data. Investors are advised to wait […]



Source: https://news.bitcoin.com/ubs-urges-caution-despite-positive-us-economic-data/

Leave a Reply

Your email address will not be published. Required fields are marked *