Skepticism about economic growth has increased compared to the previous month, with 20% of those surveyed globally expecting it to weaken in the next year compared to 1% who highlighted it in January, the most pessimistic figure of those who they have been registering since March 2020.
73% also believe that supply chain disruption will be resolved too slowly to significantly stimulate economic growth.
The same report also found that investors increased their underweight positions in technology to their highest level in more than 15 years. Cash allocations rose to their highest level since May 2020, according to the US investment bank, which surveyed 363 investors with more than $1 billion in assets between February 4 and 10.
Volatility soared across markets on Monday, with a gauge of possible swings in the euro-dollar exchange rate at a high since November 2020 and a measure of equity volatility at a two-week high. Markets spooked late on Friday after the United States warned that a Russian invasion of Ukraine could come “at any moment”. On Sunday, Washington said Moscow could create a surprise pretext for an attack. UBS Global Wealth Management noted that market swings had increased since the beginning of the year, while concerns over COVID-19 had subsided.
“Volatility remains elevated on the back of repeated surprises to the upside in US inflation data and growing concerns in Eastern Europe,” he said. But nevertheless, In the last few hours, with the news that Russia withdrew troops from the Ukraine border, relief reached the stock markets and a rebound is expected.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
