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Copper advanced as some Chinese buyers replenished stockpiles ahead of a holiday, although concerns about global growth persisted with no immediate sign of a resolution to the Iran war.
Source
Bloomberg Markets
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UBS Group AG Chief Executive Officer Sergio Ermotti said that financial markets are at risk of over-optimism regarding the Iran conflict.
UBS Group AG Chief Executive Officer Sergio Ermotti discusses the bank’s intention to add to the $3 billion tally of share buybacks this year. Speaking to Bloomberg’s Guy Johnson, Ermotti says the lender believes it’s going to complete the $3 billion buyback “by the end of July.”
UBS reported its first quarter earnings on Wednesday, with net profits beating analyst estimates.
