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18:23
UBS: The Federal Reserve will continue to support US stocks, targeting an S&P 500 index level of 7,700 points
ChainCatcher news, according to Golden Ten Data, UBS reiterated its target of 7,700 points for the S&P 500 index in a report released on Wednesday, believing that a strong macroeconomic backdrop will boost the US stock market. Ulrike Hoffmann-Burchardi, Chief Investment Officer and Global Head of Equities at UBS, stated that the Federal Reserve will continue to cut interest rates in the future, although it is expected to pause in the current easing cycle today. He pointed out that as more evidence of a weakening US labor market emerges and inflation remains under control, the Federal Reserve may be able to further cut rates.
18:20
3 Things Investors Need to Know About the ARK 21Shares Bitcoin ETF in 2026
According to CoinWorld, the ARK 21Shares Bitcoin ETF (ARKB) has reached $3.3 billion in assets under management since its inception over two years ago. The fund tracks the Chicago Mercantile Exchange (CME) CF Bitcoin Reference Rate, which means investors hold shares rather than directly holding bitcoin. Unlike the 24/7 cryptocurrency market, this ETF only trades during exchange trading hours and charges an annual fee of 0.21%. ARK Invest CEO Cathie Wood remains a staunch supporter of bitcoin.
18:10
ECB Executive Board Member Schnabel: Interest rates will remain at current levels for a long time
European Central Bank Executive Board member Schnabel stated that the ECB's interest rates are currently at a good level and are expected to remain at the current level for a prolonged period.
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