UBS Urges Caution Despite Positive US Economic Data

By 0 Min Read

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 […]

Share This Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *