Title: UBS Urges Caution Despite Positive US Economic Data
Post by: Bitcoin on Aug 19, 2024, 06:38 am
Post by: Bitcoin on Aug 19, 2024, 06:38 am
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: UBS Urges Caution Despite Positive US Economic Data (https://news.bitcoin.com/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: UBS Urges Caution Despite Positive US Economic Data (https://news.bitcoin.com/ubs-urges-caution-despite-positive-us-economic-data/)