United States — Federal Reserve & UBS

United States — Federal Reserve: The United States — Federal Reserve is under pressure to raise interest rates due to persistent inflation driven by the Iran war, though it is currently expected to hold rates steady.

UBS: UBS's head of Europepean equity strategy noted negative revisions for consumer-facing sectors in Europepe due to the war.

United States — Federal Reserve: The United States — Federal Reserve's potential rate hikes are a major focus for markets, with traders pricing in at least one hike by year-end due to the strong US economy and persistent inflation.

UBS: UBS analyst Giovanni Staunovo commented on the oil market's risk premium and supply.

United States — Federal Reserve: Expectations of a United States — Federal Reserve rate hike this year, fueled by strong U.S. jobs data, heightened concerns about prolonged high interest rates and their potential impact on market rallies.

UBS: UBS dramatically increased its price target on Micron Technology's stock, positively impacting Micron Technology's share price.

United States — Federal Reserve: Hawkish repricing of United States — Federal Reserve rate expectations, including the possibility of rate hikes, negatively impacted semiconductor valuations due to their sensitivity to discount rate movements.

UBS: UBS's call on Micron's upside potential validated the structural thesis for AI demand, contributing to a semiconductor rally.