UBS CEO: Future Markets to Continue Experiencing Volatility Spike
BlockBeats News, July 29th
During an interview with BlockBeats, Sergio Ermotti, CEO of UBS Group, stated that he expects the "soaring volatility" to continue for the rest of the year. He said, "Looking at the macro situation, geopolitical tensions, the current debate, and the significant divergences we are seeing in the stock market, the pressure on energy prices could pose a potential headwind to inflation." Ermotti mentioned that investors will not like this volatility, stating, "I do expect volatility to continue to soar for the remainder of the year."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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