UBS identifies a trigger that could spark a stock market sell-off in the second half

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

UBS said that many analysts predicted that stocks would be at risk in 2023, and the catalyst for a potential downturn may now be in sight.

Equities could sell off in the coming weeks due to several factors, including weak global growth and poor company earnings, according to UBS strategists. They said that many market analysts — including their own — predicted that a recession and weaker earnings would put stocks at risk in 2023, and the catalyst for a potential downturn may now be in sight.

Matthew Mish, head of credit strategy at the bank, noted that UBS' latest research had noticed an uptick in factors that could worsen credit conditions. "We're watching credit ratings migration, and May to date seems to be the worst month that we've seen in at least 18 months in terms of downgrades to CCC as well as D or defaults," Mish told the bank's clients in a presentation earlier this month.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock futures rise slightly as the market nears the end of quarter and first half: Live updatesThe stock market is nearing the end of the first half of 2023 with strong performance.
Source: CNBC - 🏆 12. / 72 Read more »