#MarketRebund This year’s trading news includes several important developments. In global markets, Reckitt Benckiser faced pressure from its shareholders to sell its Mead Johnson Nutrition unit, due to legal challenges and other difficulties the company has faced ¹. LVMH shares also fell 6% after reporting lower-than-expected second-quarter sales ¹.

In the crypto space, Bitcoin exchange-traded funds saw their largest daily outflows since their launch, with investors withdrawing around $671.9 million ². Bitcoin prices also fell 15% after hawkish signals from the US Federal Reserve ².

In US markets, US stocks saw a decline in stock indices, with the S&P 500 and Dow Jones Industrial Average falling ¹. Initial employment data also showed an increase in the number of jobs, which could indicate continued economic growth ¹.

Finally, UBS Global Wealth Management experts expect the US Federal Reserve to cut interest rates by only 50 basis points in 2025².