Mark Haefele

5 results

UBS Wealth Management has trimmed its core equity recommendation to an ‘underweight’ position for the first time since the height of the euro zone crisis in 2012. Photograph: Gianluca Colla/Bloomberg
World’s top wealth manager urges clients to sell stocks

The world’s largest wealth manager has turned bearish on stocks, fearing that the latest escalation of the trade fracas between the US and China poses(...)

Investors have pulled money from UK equity funds every week since the UK voted to leave the EU. Photograph: Chris Ratcliffe/Bloomberg
Outflows from UK-focused equity funds since Brexit vote hit $20bn-plus

Investors have withdrawn more than $20 billion (€17.5 billion) from UK-focused equity funds since the EU referendum in 2016 as concerns mount about th(...)

Pound coins are seen in front of displayed stock graph in this picture illustration taken June 9, 2017. REUTERS/Dado Ruvic/Illustration
Sterling: more pain for exporters, but it could have been worse

The projected crash in sterling on foot of Theresa May’s election reversal hasn’t, as yet, materialised The currency was this morning trading 1.5 pe(...)

The New York Stock Exchange: Market uncertainty is expected to continue for some time. Photograph: Lucas Jackson/Reuters
Global bond markets rebound as euro-dollar parity bets soar

Bonds rallied globally on Tuesday as concerns eased that Donald Trump will fuel inflation with a massive spending plan, though mounting trader bets th(...)

Chinese investors look at a screen showing stock movements at a stock brokerage house in Beijing. Photograph: EPA/How Hwee Young
Market loses more than €2 trillion as China slows

More than €2.1 trillion was wiped off global stocks this week as China’s slowing economy and currency depreciations spooked investors around the world(...)