News Formal

European markets set to open higher following UBS earnings

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

European markets are set to open higher as investors assess UBS earnings.

European markets are poised to open higher Thursday after UBSUBS posted a second-quarter profit of $28.88 billion, well exceeding projections of $12.8 billion made by analysts polled by Reuters.

The pan-European Stoxx 600 index closed slightly lower Wednesday as investors reacted to economic data out of Germany and Spain. Spain reported flash inflation up 2.6% year on year for August, in line with analyst expectations, while Germany reported a 13.2% drop in imports for the year to July, the sharpest drop since January 1987.

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:

 /  🏆 569. in US
 

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

United States United States Latest News, United States United States Headlines

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

'Pain trade': UBS CIO warns of bear trap as Chinese stocks riseAdrian Zuercher, a chief investment officer at UBS, also said there could be a 'tactical trade' in the coming weeks.
Source: CNBC - 🏆 12. / 72 Read more »

UBS Earnings Could Reveal Key Details about Credit Suisse AcquisitionInvestors will be looking for more transparency around how UBS is managing the integration of Credit Suisse, the former rival it acquired at a fire sale...
Source: MarketWatch - 🏆 3. / 97 Read more »