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UBS Cuts Advisor Pay. Here's Why. -- Barrons.com
Financial Advisor Team Joins UBS Private Wealth Management in Miami
Market analysis: The euro to dollar exchange rate may fall to parity due to the sluggish economy in the eurozone.
As concerns about the economic outlook of europe continue to worsen, the risk of the euro falling to parity with the usd is rising. Last Friday, the preliminary value of the euro area November Purchasing Managers' Index (PMI) was far below expectations, causing the euro to drop to a two-year low of 1.0336 usd. PMI measures the activity level in the manufacturing and services sectors. Investors are increasingly worried that the trade tariff measures proposed by the newly elected president of the usa, Trump, could have a damaging effect on the export-oriented economy of europe, along with concerns about the escalating tensions between russia and ukraine. The european central bank seems likely to further lower interest rates.
London's Historic Art Scene Is Getting a Tech Upgrade
Overnight news: US stocks closed higher, Dow hit a new high, escalation of Russia-Ukraine conflict boosted oil prices, Tesla is preparing for the Cybertruck to enter the China market
For more global financial news, please visit the 7×24 hours real-time financial news market close: The Dow Jones closed over 400 points higher, setting a new historical high. All three major indices recorded gains this week. On November 22, the top 20 transactions in the US stock market: It is reported that Tesla is preparing for the Cybertruck's entry into the china market. On Friday, china concept stocks showed mixed results, with WeRide rising 9.2% and pdd holdings falling 3.9%. The crude oil in the usa rose 6.5% this week, while the escalation of the Russia-Ukraine conflict pushed oil prices higher. Spot gold rose 5.7% in five days, regaining the $2,700 mark. European stocks all closed higher, with Germany's DAX 30 index up 0.84%. Macro.
Overview of csi commodity equity index: Oil prices rise, geopolitical tensions intensify, gold prices increase, copper prices have fallen for eight consecutive weeks.
Crude oil prices rose due to escalating geopolitical tensions from Russia to Iran, while stock market strength increased the attractiveness of risk assets. Gold prices also received a boost in safe-haven demand, aiming to achieve the largest weekly gain since March last year. London copper is expected to set a record for the longest consecutive weekly decline since 2019, as the rising US dollar creates pressure on commodities priced in dollars. Crude oil: WTI rose more than 6% this week, with geopolitical tensions between Iran and Russia intensifying, leading to the increase in crude oil prices due to escalating geopolitical tensions from Russia to Iran, while stock market strength increased the attractiveness of risk assets. WTI rose by over 1%.
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