by Amruth Sundarkumar | Jul 23, 2021 | Credit Ratings, Macroeconomic news
US markets continued with the momentum shrugging Monday’s risk-off sentiment even as the unemployment numbers came higher than expected – the S&P and Nasdaq were up 0.2% and 0.4% respectively. The upside led by IT, Healthcare and Consumer Discretionary up...
by Amruth Sundarkumar | Jul 22, 2021 | Credit Ratings, Macroeconomic news
US markets extended the rebound rally for a second day amid strong corporate earnings – S&P and Nasdaq gained 0.8% and 0.9% respectively. Energy zoomed 3.9% with Brent Crude going back above $70/bbl, Financials and Industrials were up more than 1%. Corporate...
by Amruth Sundarkumar | Jul 22, 2021 | Banks
Swiss wealth management group Julius Baer posted a record-high net profit in 1H2021 on the back of strong growth in Assets under Management (AUM) and improvement in cost efficiency. The group reported a 23% rise in its net profit and earnings per share (EPS) YoY to...
by Amruth Sundarkumar | Jul 21, 2021 | Credit Ratings, Macroeconomic news
US markets rebounded, making up most of Monday’s losses as the S&P and Nasdaq gained 1.5% and 1.6% respectively. Industrials and Financials led the charge and were up 2.7% and 2.4%. Real Estate, Consumer Discretionary, IT, Energy, Materials, Healthcare and...
by Amruth Sundarkumar | Jul 21, 2021 | Banks
UBS reported a 63% rise in net profits YoY to $2bn in Q2, beating expectations of $1.34bn. Pre-tax profits rose across all geographies with the CEO saying, “Momentum is on our side and our strategic choices and initiatives are paying off…We have no intention of...
by Amruth Sundarkumar | Jul 20, 2021 | Credit Ratings, Macroeconomic news
US markets started the week with the biggest drop of the year amid a sell-off over concerns over rising Delta variant cases. S&P and Nasdaq shed 1.6% and 1.1% respectively adding to the 0.8% drop on Friday. The new Covid-19 numbers seem to be overshadowing the...
