Daily Europe

Global equity markets have faced renewed selling pressure, particularly in the tech sector, amid heightened geopolitical tensions and concerns over US inflation data. UBS remains focused on portfolio diversification and risk management.

Key Takeaways

• 1.Equities face renewed pressure from tech selling and rising interest rate expectations.
• 2.Beijing plans a massive CNY 2tn investment in domestic AI data centers to foster technological independence.
• 3.UBS recommends broadening equity exposure to Japan, emerging markets, China, and global health care while hedging against volatility.

Table of Contents

• From Circle One
• Thought of the day
• What happened?
• What do we think?
• What to watch: 10 June
• How to invest?
• Caught our attention
• Market update
• Global asset class preferences definitions
• Appendix