UBS CEO: Future Markets to Continue Experiencing Volatility Spike

BlockBeats News, July 29th

During an interview with BlockBeats, Sergio Ermotti, CEO of UBS Group, stated that he expects the "soaring volatility" to continue for the rest of the year. He said, "Looking at the macro situation, geopolitical tensions, the current debate, and the significant divergences we are seeing in the stock market, the pressure on energy prices could pose a potential headwind to inflation." Ermotti mentioned that investors will not like this volatility, stating, "I do expect volatility to continue to soar for the remainder of the year."