European markets opened higher as investors assess UBS earnings.
European markets opened higher Thursday after UBSThe pan-European Stoxx 600 was up 0.1% at the start of trading on the final day of the month, with most sectors trading in positive territory. Financial services led gains with a 1.2% uptick, while food and beverages dropped 0.5%.
UBS posted a second-quarter profit of $28.88 billion, well exceeding projections of $12.8 billion made by analysts polled by Reuters. Shares were up 6.3% as markets opened. The index closed slightly lower Wednesday as investors reacted to economic data out of Germany and Spain. Spain reported flash inflation up 2.6% year on year for August, in line with analyst expectations, while Germany reported a 13.2% drop in imports for the year to July, the sharpest drop since January 1987.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
European markets set to open higher following UBS earningsEuropean markets are set to open higher as investors assess UBS earnings.
Consulte Mais informação »
Oracle shares pop as UBS moves to Buy on 'under-appreciated' GPU capacity By Investing.comOracle shares pop as UBS moves to Buy on 'under-appreciated' GPU capacity
Consulte Mais informação »
UBS upgrades this stock it says can jump another 20% on AI excitementAnalyst Karl Keirstead upgraded the database management company to buy from neutral and raised his price target by $20 to $140.
Consulte Mais informação »
'Pain trade': UBS CIO warns of bear trap as Chinese stocks riseAdrian Zuercher, a chief investment officer at UBS, also said there could be a 'tactical trade' in the coming weeks.
Consulte Mais informação »
UBS Earnings Could Reveal Key Details about Credit Suisse AcquisitionInvestors will be looking for more transparency around how UBS is managing the integration of Credit Suisse, the former rival it acquired at a fire sale...
Consulte Mais informação »
UBS says this is how to play China right now — and shares its top stock picksAnalysts at the bank say 'Chinese equities remain most preferred within our Asia strategy' and share how to play a volatile Chinese market in the short term.
Consulte Mais informação »