š“ UBS CEO Sergio Ermotti has warned of more volatility in markets in the second half of the year, citing the sharp sell-off that erupted earlier this month.
ā¢ Ermotti said markets are likely to see higher volatility in the second half of the year, partly due to the US election in November.
š He added: āThatās one factor, but also, if you look at the overall geopolitical picture, the macroeconomic picture, what weāve seen in the last couple of weeks of volatility, itās a clear sign that some elements of the system are weakening, and we should definitely expect a higher degree of volatility.ā
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