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- UBS does now now not be mindful President Trump will push China to the brink of a cold war.
- Morgan Stanley in the same scheme said the Trump administration may want to focal point on economic train before re-election.
- The U.S. inventory market will win pleasure from fewer geopolitical dangers in the medium to prolonged-time-frame.
Top European monetary institution UBS does now now not be mindful U.S. President Donald Trump will push China to the brink of a “chilly war“, taking half in down fears of an escalating warfare that threatens the inventory rally.
Kelvin Tay, UBS Global Wealth Management’s regional chief investment officer, said:
We don’t mediate the ratcheting up of U.S.-China tensions shall be a probability simply on narrative of here’s (an election) twelve months and the U.S. is in a recession.
The Nasdaq finished a brand new its all-time excessive on June 9, rising to as excessive as 10,000 points.