Following more than ten successful years in the Group Executive Board of UBS, Ulrich Koerner has decided to step down from his current roles as President Asset Management and President UBS Europe, Middle East and Africa.
Technology stocks have been the best-performing US sector in 2019, propelling relative valuations to a post-financial-crisis high.
The depreciation follows the US announcement that it would increase existing tariffs on USD 250bn of Chinese exports to 30% (from 25%) on 1 October, and would ratchet up planned tariffs on USD 300bn of Chinese exports to 15% (from 10%) in two steps over September and December.
Points to remember in 2019…
On Monday, STOXX Ltd. announced an unscheduled change to the MDAX index.
The trade conflict between the US and China has escalated.
Risks to the global economy and markets have increased following a renewed escalation in US-China trade tensions.
Prior to joining UBS, van Steenis was senior adviser to Governor Mark Carney at the Bank of England (BoE).
The public debate is dominated by rejection.
Since Friday, an ETF of the issuer Tabula ICAV has been tradable on Xetra and the Frankfurt Stock Exchange for the first time.