Core Viewpoint - Voya Financial, Inc. will participate in a fireside chat at the UBS Financial Services Conference on February 9, 2026, featuring CEO Heather Lavallee and CFO Mike Katz [1]. Company Overview - Voya Financial, Inc. is a prominent company in retirement, employee benefits, and investment management, serving approximately 15.7 million individual, workplace, and institutional clients [2]. - The company is recognized as a "Great Place to Work" by the Great Place to Work® Institute, emphasizing a culture of customer centricity, integrity, accountability, agility, and inclusivity [2].

Core Viewpoint - UBS Group AG is expected to report higher earnings for Q4 2025 despite a marginal decline in revenues year over year, driven by improved lending activity, steady interest rates, and stronger fee income [8] Financial Performance - The consensus estimate for UBS's earnings is 25 cents per share, reflecting an 8.7% increase from the same quarter last year [2] - The expected sales figure is $11.62 billion, indicating a slight decline compared to the previous year [2] - UBS has consistently surpassed earnings estimates in the last four quarters, achieving an average positive earnings surprise of 53.16% [2] Revenue Drivers - Net Interest Income (NII) is anticipated to have increased due to stable average interest rates and improved lending activity across regions [3] - Higher client activities and market capabilities are expected to boost recurring fees, particularly in the Global Wealth Management and Asset Management divisions [4] - Investment banking revenues are projected to rise due to solid deal-making activity and increased equity and debt issuance [5] Expense Considerations - UBS is focusing on digital transformation and cloud-based applications, which, along with inflation-related personnel compensation increases, may have raised the expense base in Q4 [6][8] Earnings Prediction Model - The quantitative model does not predict a definitive earnings beat for UBS, lacking a positive Earnings ESP and a Zacks Rank better than 3 [7][9]

Company Overview - Apollo is a high-growth, global alternative asset manager with a focus on providing clients excess returns across the risk-reward spectrum, from investment grade credit to private equity [2] - The company has over three decades of investing expertise and offers innovative capital solutions for business growth [2] - As of September 30, 2025, Apollo managed approximately $908 billion in assets [2] Upcoming Events - Martin Kelly, Chief Financial Officer of Apollo, will participate in a fireside chat at the UBS Financial Services Conference on February 10, 2026, at 8:50 am ET [1] - A live webcast of the event will be available on Apollo's Investor Relations website, with a replay accessible shortly after the event [1]

Global Research ab 29 January 2026 First Read China Property Our thoughts on recent rally Our thoughts on recent rally Chinese property developers rallied by 8% on average today. We think this is due to 1) relaxation of Three Red Lines (see news) to developers, 2) recent recovery of secondary transaction and housing price stabilization in tier 1 cities. Based on our channel checks with developers and property agents, it is still too early to call for a stabilization. First, they view the recent secondary tr ...

Group 1 - The core viewpoint of the articles highlights the volatility of gold prices, with a significant drop of over 10% on January 30, 2026, marking the largest single-day decline in 40 years, despite previous surges that saw gold prices exceed $5,500 [2] - UBS maintains a bullish stance on gold, raising its price targets for March, June, and September 2026 to $6,200 per ounce, an increase of 24% from the previous target of $5,000 per ounce [2] - The recent fluctuations in gold prices have led to increased caution among banks, with major banks implementing stricter risk assessment measures for clients engaging in precious metal transactions [3] Group 2 - A recent incident involving Shenzhen Jie Wo Rui Jewelry Company has raised concerns, as it has faced issues with abnormal operations and is reportedly offering discounted payouts to clients, with options for principal payments at 40% or 20% of the original value [3] - Ningbo Bank announced adjustments to its gold investment product interest rates, with current rates set at 0% for demand deposits and ranging from 0.3% to 0.5% for fixed-term deposits [3]

Core Viewpoint - The global gold market is experiencing a historical peak defined by structural demand and risk aversion, with gold prices showing the strongest monthly performance since 1982 [1][3] Group 1: Market Dynamics - Investment demand, central bank strategic purchases, and geopolitical uncertainties are driving gold prices upward, leading to a significant revision of UBS's price target for gold from $5000 to $6200 for most of 2026 [1][3] - Gold has seen a year-to-date increase of over 25%, continuing the momentum from last year's bull market, with prices hovering around $5344.98, despite a slight correction from $5400 [1][4] Group 2: Demand Statistics - Global gold demand is projected to exceed 5000 tons in 2025, with investment activities being the primary driver, including an increase of 801 tons in ETF holdings and a record high of approximately 1375 tons in physical gold purchases [4] Group 3: Central Bank Strategies - Central banks purchased 863 tons of gold last year, maintaining a high level historically, with Poland raising its gold reserve target from 550 tons to 700 tons, indicating a shift from price-sensitive to strategic allocation [4] Group 4: Future Outlook - The market's dynamics will be influenced by the Federal Reserve's policy and geopolitical situations, with UBS projecting an optimistic scenario target of $7200 and a pessimistic floor around $4600 for 2026 [5] - Post-U.S. midterm elections, gold prices may experience a moderate decline to $5900 due to reduced uncertainty, but its appeal as a "safe-haven asset" remains unchanged [5]

Group 1: U.S. Economic Outlook - If Kevin Warsh is nominated as the next Federal Reserve Chair, the U.S. Treasury yield curve is expected to steepen, driven by short-term yields declining faster than long-term yields [1] - Conversely, if Rick Rieder from BlackRock is nominated, the yield curve may flatten as long-term yields decrease more rapidly than short-term yields [1] - Regardless of the nomination outcome, market reactions are anticipated to be temporary as the new chair will need to persuade other committee members [1] Group 2: Emerging Markets Performance - Developed economies are facing fiscal and policy risks, while emerging markets are experiencing strong capital inflows, continuing the trend from late 2025 [2] - Emerging market equities are projected to achieve their best monthly performance since November 2022, with UBS Global Wealth Management forecasting further gains [2] - In January, 15 out of 22 emerging market currencies in the MSCI index appreciated, and the Bloomberg Emerging Market Local Currency Government Bond Index has returned approximately 2% this year [2] Group 3: Euro and ECB Concerns - Analysts from Deutsche Bank express concerns about the European Central Bank's apprehension regarding the appreciation of the euro, which could further lower inflation [2] - ECB officials are wary of the negative effects of a strong euro and are reluctant to allow significant appreciation [2] Group 4: Gold and Precious Metals Market - Analysts indicate that gold prices surged in January, with a peak increase of nearly $1,300 per ounce, but signs of a market top are emerging [3] - As the market anticipates the appointment of a new Federal Reserve Chair, gold prices are under pressure, with a potential further decline expected [3] - The recent sharp drop in precious metals is speculated to trigger deeper corrections, as the market lacks clear catalysts for such a rapid decline [3] Group 5: Japan's Economic Forecast - Analysts from ING predict a moderate economic recovery in Japan by Q4 2025, with a projected GDP growth of 0.2% quarter-on-quarter, reversing a previous contraction [4] - Economic activity in Japan has shown signs of slowing, with retail sales in December falling more than expected and manufacturing activity likely remaining subdued [4]

Group 1 - Precious metals, including gold and silver, experienced significant declines, with gold falling below $5,100 and a daily drop exceeding 5% [1] - Silver saw an even steeper decline, with a daily drop of 10% [2] Group 2 - UBS raised its gold price target for March, June, and September 2026 to $6,200 per ounce, up from a previous forecast of $5,000, citing stronger-than-expected demand driven by increased investment [4] - The bank anticipates a slight decline in gold prices to $5,900 per ounce after the 2026 U.S. midterm elections [4] - The World Gold Council's report indicates that global gold demand is expected to reach a record high of 5,002 tons in 2025, with investment demand rising to 2,175 tons, which is a key driver for this increase [4][5] Group 3 - The report highlights that the core drivers of strong gold investment demand include safe-haven demand and asset diversification, influenced by high geopolitical and economic risks, a weakening dollar, and high stock valuations [5] - Expectations of interest rate cuts by the Federal Reserve also played a crucial role in the gold market dynamics for 2025 [5]

Core Viewpoint - UBS has significantly raised its gold price targets for March, June, and September 2026 to $6,200 per ounce from a previous forecast of $5,000, citing stronger-than-expected demand driven by increased investment [1] Group 1: Gold Price Forecasts - UBS expects a slight decline in gold prices to $5,900 per ounce after the 2026 U.S. midterm elections [3] - The current spot gold price experienced significant volatility, peaking near $5,600 and dropping to around $5,100, with a daily fluctuation of nearly $500 [3] - Year-to-date, gold has risen over 20%, continuing the historic upward trend from last year, supported by increased investment demand, central bank purchases, dollar depreciation, and escalating geopolitical uncertainties [3] Group 2: Global Gold Demand - The World Gold Council (WGC) reported that global gold demand is expected to grow by 1% year-on-year in 2025, reaching a record high of 5,002 tons, marking the first time total demand exceeds 5,000 tons [3] - Investment demand for gold is projected to surge by 84% in 2025, reaching a record 2,175 tons, primarily driven by significant inflows into gold ETFs, with a net increase of 801 tons for the year [3] - Physical gold investment demand remains strong, with global demand for gold bars and coins reaching 1,374 tons, while central bank purchases totaled 863 tons, remaining high despite being lower than recent records [3] Group 3: Central Bank and Seasonal Demand - UBS has raised its gold demand forecasts for most sectors in 2026 but maintains its central bank gold purchase forecast at approximately 950 tons [4] - Poland has increased its gold holding target from 550 tons to 700 tons, which could indicate a broader trend among central banks becoming less sensitive to gold prices [4] - In China, physical gold demand remains robust due to seasonal factors and positive market sentiment, although a decline in demand is expected after the Lunar New Year [4] Group 4: Extreme Scenario Predictions - UBS provided extreme scenario forecasts for gold prices, with an upside target of $7,200 per ounce and a downside target of $4,600 per ounce [5] - A shift to a hawkish monetary policy by the Federal Reserve could suppress gold prices, while a sharp escalation in geopolitical tensions could drive prices higher [5]

市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 世界黄金协会发布的报告显示，2025年全球黄金需求同比增长1%，达到5002吨，创历史新高，这是黄 金总需求量首次突破5000吨。其中，全球黄金投资需求飙升84%至2175吨，成为推动总需求增长的主要 动力，黄金ETF全年净增801吨，全球金条和金币需求达1374吨，央行购金863吨虽低于近年纪录但仍处 高位。 瑞银提到，波兰将黄金持有目标从550吨上调至700吨，若该调整被更多国家效仿，或意味着各国央行对 黄金价格的敏感度有所降低。针对中国市场，瑞银指出受季节性因素支撑，当前实物黄金需求保持坚 挺，农历新年过后需求预计有所回落。 此外，瑞银指出，若美联储货币政策转向鹰派，或将对金价形成压制；地缘政治紧张局势急剧升级，则 可能推动金价进一步上涨。 瑞银集团维持黄金看涨立场，将2026年3月、6月和9月的黄金价格目标上调至6200美元/盎司，此前目标 价为5000美元/盎司，升幅达24%。该机构同时预计，2026年底黄金价格将温和回落至5900美元/盎司。 瑞银同步给出黄金价格的极端情景预测，上行情景目标为7200美元/盎司， ...