European shares close up after ECB delivers first rate-cut in five years
European shares closed higher on Thursday, boosted by banking, technology and healthcare stocks, though they finished below session highs after the European Central Bank cut lending rates for the first time since 2019 but left the timing of future moves unclear. The pan-European STOXX 600 (.STOXX), closed 0.7% higher, off record high levels hit earlier in the […]
LatAm allocation a ‘must’ for portfolios, UBS EM Americas CIO says
A spate of political reforms and economic cycles has elevated Argentinian dollar-denominated sovereign bonds and Latin American corporate bonds to rank among key “areas of interest,” the chief investment officer of emerging markets Americas at UBS (UBSG.S), Global Wealth Management said. “It is a mistake to overlook LatAm,” Alejo Czerwonko told the Reuters Global Markets Forum,on Monday. […]