UBS Group CEO Sergio Ermotti said he expects a further surge in market volatility for the remainder of this year, according to BlockBeats. In an interview cited on July 29, Ermotti said the mix of macro conditions, geopolitical tensions, ongoing public debate, and the sharp divergence seen in equity markets points to a period of continued instability. He also said pressure on energy prices could create a potential headwind for inflation. Ermotti added that investors are unlikely to welcome that kind of environment, but said he still expects volatility to keep climbing through year-end. The remarks frame his outlook around broad market conditions rather than a single asset class, with the emphasis placed on persistent uncertainty in the months ahead.
UBS Group CEO Sergio Ermotti said he expects market volatility to keep surging through the rest of this year, according to BlockBeats on July 29.
In an interview, Ermotti said macro conditions, geopolitical tensions, current public debate, and the wide divergence seen in stock markets all point to continued turbulence. He added that pressure on energy prices could pose a potential headwind for inflation.
Ermotti also said investors would not welcome that level of volatility. “I do expect volatility to continue surging during the remainder of the year,” he said.
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