• The UBS CFA Society Switzerland indicator started the year on a positive note, rising by 37.7 points compared to the previous month, the largest increase since April 2020.
• Fewer analysts see lower short-term rates, especially in the US, while opinions are divided regarding the USDCHF exchange rate.
• Key risks to financial markets stem from rising government bond yields and a potential AI bubble, according to survey participants.

Where do I find the PDF? Please click on the Link below, scroll down to «Marketing Publications: Retail Outlook 2025, PMI and Financial Market Survey», click on «UBS CFA indicator: A silver lining in uncertain times» and download the publication.

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