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UBS: Expects that the trade and fiscal decisions of the U.S. in July will not have a lasting impact.
Jin10 reports that the United States is expected to make important decisions regarding trade and fiscal policy in July. While these decisions may cause fluctuations, we expect them to have no lasting impact on the strong growth or markets in the U.S. The environment of declining interest rates and yields supports stocks and high-quality bonds, while the dollar will continue to show signs of weakness. After a recent strong pump, the expected returns of global stock markets for the remainder of this year seem limited.