瑞银集团：相比加拿大央行，美联储下周对加元的影响力更大。 ...

The market expects UBS (UBS) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 30, might help the stock move higher if these key numbers are better than expecta ...

Group 1 - Goldman Sachs reports that global investment, manufacturing employment, spending, and overall economic activity remain robust despite uncertainties and challenges [2] - Global trade remains active, indicating the persistence and importance of international trade, with significant rebounds in stock markets across the Atlantic [2] - Moody's analysis suggests that the outcome of Japan's Senate elections may hinder the government's efforts to advance fiscal consolidation in the post-pandemic era [2] Group 2 - Deutsche Bank strategists warn that if the US confirms tariff increases on August 1 alongside disappointing employment reports, it could trigger renewed recession fears [3] - Concerns over the sustainability of US debt may become a central topic of discussion in the market for the second half of the year, with long-term Treasury yields facing upward pressure [3] - Current 10-year US Treasury yield has risen by 2 basis points to 4.392% [3]

UBS is reviewing the role of six relationship managers who sold complex currency derivatives to clients who say they didn’t fully understand the risk, sources say https://t.co/Mrf0kIzqhy ...

智通财经APP获悉，瑞银此前预计短期美债占可流通债务比重的快速扩张阶段已经过去。然而，《GENIUS 法案》可能带来新一轮增长。 美国财政部长贝森特认为，2 万亿美元是美元稳定币的合理规模，且存在上行风险。财政部借款咨询委员会(TBAC)讨论的情景是：到 2028 年市值达 2 万亿 美元，对应整体交易量增长 7 倍、货币流通速度不变、稳定币交易占外汇现货交易比重升至 10%。 代币化货币市场基金已成替代方案，因其可像基金一样提供收益，而稳定币则通常无收益。稳定币行业的增长还将取决于国际使用范围。 根据该法案，稳定币发行方必须用短期、高流动性且优质的资产维持 100% 的储备支持。获批的储备资产包括：美元现钞、短期美国国债、受保存款机构存 款以及短期国债回购协议。 国际清算银行(BIS)估算，稳定币已购入约 400 亿美元的美国短期国债，规模与最大的一只美国政府货币市场基金相当，且超过多数国家的持有量。在债务 上限问题解决及政府货币市场基金大幅扩张后，目前短期美债市场仍有充裕的吸纳能力。 若《GENIUS 法案》刺激更多短期国债需求，美国财政部可略微推迟扩大附息国债发行规模的时间，也有更大空间回购流动性较差的 ...

CARLSBAD, Calif., July 21, 2025 /PRNewswire/ -- Tyra Biosciences, Inc. (Nasdaq: TYRA), a clinical-stage biotechnology company focused on developing next-generation precision medicines that target large opportunities in Fibroblast Growth Factor Receptor (FGFR) biology, announced today that company management will participate in a virtual fireside chat as part of the UBS Biotech Management Live Call Series on July 25, 2025. Details of the event are below: Title: "Fireside Chat on Achondroplasia and Growth Dis ...

◎记者 王彭 近日，富达国际、景顺、瑞银等多家外资机构纷纷发布2025年中期投资策略。这些机构的最新研判显 示，在全球资金重新配置的浪潮中，亚洲市场尤其是中国股票显现出罕见的投资吸引力。从投资方向来 看，受益于AI创新和政策支持的科技板块，以及依托本土品牌崛起与数字化升级的消费板块，是外资 机构重点关注的领域。 "近期的资金流向显示，一场策略性再平衡在全球范围悄然展开。许多投资者重新审视自己的股票敞 口，希望将资金投向美国市场以外的其他地区。"富达国际亚太区投资总监斯图尔特·朗布尔(Stuart Rumble)称。 ■投基论道 多家外资机构中期策略出炉 聚焦中国科技与消费板块 在景顺中国内地及香港地区首席投资总监马磊看来，无论是从相对角度来看，还是与自身历史平均水平 相比，亚洲市场股价均较发达市场存在大幅折让。这一估值差距再加上强劲的流动性，在美元走弱的环 境下，为长线投资者提供了具有吸引力的入场时机。他认为，当前盈利增长预期趋于稳定，且宏观风险 逐渐被消化的市场环境，有利于投资者挑选亚洲股票进行投资。 在全球资金重新配置的浪潮中，中国股市成为外资机构眼中的价值洼地。斯图尔特·朗布尔认为，中国 股市在2024 ...

A股持续上攻、沪指站稳3500点之际，外资表态看好中国市场。 上周五（7月18日），沪指报收3534.48点，创年内收盘新高，当日涨幅0.5%。截至目前，沪指已连续7 个交易日站上3500点。资金交投情绪不弱，两市成交金额在本月上旬达到1.71万亿元、创近4个月新高 之后，近期维持在1.4万亿元以上。 第一财经关注到，对于近期的市场表现，多家外资机构称，中国市场股票估值具备吸引力，叠加基本面 改善、房地产市场趋稳、消费展现韧性等因素，具备进一步上行的潜力。 "投资者对中国股市的情绪日益乐观。"景顺亚太区全球市场策略师赵耀庭表示，投资者最初是受到更强 有力的国内政策支持的推动，随着中国人工智能领域的进展，市场情绪进一步升温。 多家外资机构看好中国市场 进入7月以来，沪指多个交易日收涨，月内仅3个交易日收跌。自7月10日站上3500点之后，至今已连续 七个交易日收于3500点上方。 上周（7月14日至18日），A股三大指数继续上扬，创业板领涨，当周涨幅3.17%，深成指周涨幅 2.04%，沪指则累计上涨0.69%。 不过，上周二（7月15日），沪指盘中出现回调，一度失守3500点，当日午盘报3486.88点，但在 ...

去年11月，瑞银成功试点称为"瑞银数字现金（UBS DigitalCash）"的基于区块链的跨境支付方案。据 悉，试点完成了以美元、瑞士法郎、欧元和人民币进行的跨境支付。此前，瑞银还参与了开发基于瑞士 法郎的央行数字货币（wCBDC）的相关项目。 近日，渣打集团近日宣布将通过其英国分行推出比特币（XBT/USD）和以太币（XET/USD）现货交易 服务，渣打据此成为首家提供这一交易服务的全球系统性重要银行。该行将很快推出无本金交割远期交 易。 据21世纪经济报道记者统计，已有花旗、摩根大通、摩根士丹利、富国、纽约梅隆、瑞银、渣打、德 银、汇丰、法巴、法兴等11家全球系统重要性银行（G-SIBs）在加密货币领域开展实质性布局。 整体来看，华尔街大行的步伐最快。 6月，摩根大通（JPMorgan Chase）宣布推出名为 JPMD 的类稳定币代币。据摩根大通官网介绍，JPMD 只面向该行机构客户，作为一个在结算和支付场景中替代稳定币的方案，但暂不面向零售客户。对于 JPMD与稳定币的差异，摩根大通表示，JPMD具备稳定币支持可编程、点对点交易的特性，但在利息 支付和存款处理方式上有所不同，JPMD可计入客户的银行 ...

Core Viewpoint - China's GDP grew by 5.3% year-on-year in the first half of the year, with strong performance in consumption, exports, and industrial production, leading several international investment banks to raise their economic growth forecasts for China in 2025 [1] Group 1: Economic Growth and Forecasts - UBS raised its 2025 GDP growth forecast for China from 4% to 4.7%, citing a robust second-quarter GDP growth of 5.2% supported by "trade-in" subsidies and stable export growth [1] - Morgan Stanley increased its 2025 GDP growth forecast from 4.5% to 4.8%, highlighting export resilience and proactive fiscal measures as key growth drivers [1] - Nomura maintained its GDP growth predictions for the second half of this year and 2026 but slightly adjusted its 2025 forecast upward due to better-than-expected second-quarter GDP growth [4] Group 2: Export Performance and Policy Support - The report indicated that exports outperformed expectations due to factors like "export grabbing" towards the U.S., ASEAN transshipment, and the depreciation of the yuan against non-dollar currencies [2] - Barclays Bank anticipates increased government efforts to boost consumption in the second half, including expanding the "trade-in" policy to more categories and potentially extending subsidies to additional service sectors [4] - UBS expects additional stimulus measures to be introduced by the government in late Q3 or Q4, including an increase in the fiscal deficit ratio by over 0.5 percentage points and interest rate cuts of 20-30 basis points [4] Group 3: Economic Challenges Ahead - Morgan Stanley noted that economic growth is expected to slow further in the second half, with weakening exports becoming a major drag on growth due to the fading "export grabbing" effect and renewed U.S. tariff policies [5] - The marginal effectiveness of fiscal stimulus is expected to diminish, and the impact of the "trade-in" policy on consumption will gradually decline [5] - A stimulus package of approximately 0.5 to 1 trillion yuan may be introduced, with timing potentially in September or October, allowing policymakers to assess economic trends more accurately [5]