UBS CEO: Future Markets Will Continue to Experience Volatility "Surge"

, July 29th

During an interview with , Sergio Ermotti, the CEO of UBS Group, expressed his expectation that the "Surge in Volatility" will continue for the remainder of the year. "Looking at the macro situation, geopolitical issues, the current debates, and the significant divergences we see in the stock market, the pressure on energy prices could potentially pose a headwind to inflation." Ermotti stated that investors would not welcome this volatility, "I do anticipate indeed that volatility will continue to surge for the remainder of the year."