"UBS" reduces the classification of US stocks due to Trump's fees
The Swiss Wealth Management Department of the Swiss Bank has reduced its evaluation of investment in US equities, indicating the continued fluctuations in the market due to the impact of mutual customs duties on the largest economy in the world, and its long -term implications for global growth. The bank has reduced its investment rating of US shares from ‘attractive’ to ‘neutral’, and its target at the end of the year for the ‘S&B 500’ index from 6400 to 5800, due to the low profit estimates and evaluation estimates. The new expectations set by the “UBS” at the end of the year at the level of “S & B500” indicate an increase of 7.5% from the closure of Thursday. The main investment officials, Mark Hevelli, wrote in a research note on April 3: “The volume of declared customs duties as well as the market situation in general surprised.” He added: “The markets will be volatile in the midst of the possibility of mutual escalation in customs duties, and the investigations of Article 232, which could lead to the imposition of more US fees, as well as the possibility of analysts to reduce their expectations for the profits of companies and the growth of the economy as a result of this development.” Reducing the classification emphasizes the increasing fear that President Donald Trump will continue his commercial policy despite the great possibility of stagnation in the world. The worst day of US shares in five years of US stocks- which Trump often uses as an indication of success- was the worst day in five years Thursday after the announcement of Customs Lights. Hevelli said high customs duties and low growth are pushing the profits of US businesses. At the same time, the continuation of uncertainty and poor economic data and the clear preparation of the Trump administration to bear the negative effects of its commercial policy on the economy means that risk monuses are likely to remain great. The bank – which provides money management and investment services to wealthy clients in Europe – also reduced its view of the US technological sector, artificial intelligence and Taiwanese contributions to the ‘attractive’ classification after it previously classified it on the ‘most attractive’.