UBS (UBSG SW) CEO says Europe will continue to fall behind Asia and the US until politicians are forced into action by a severe crisis, adds that over-regulation has driven the decline in Europe, FT
UBS's CEO highlights a concerning perspective on Europe's competitiveness, suggesting that without significant political action prompted by crisis, the region will lag behind Asia and the US.
Explosion heard in Iran's Sirik city, near the Strait of Hormuz, with reasons unknown, Mehr News reports
US military undertook additional airstrikes, targeting several empty tankers which were attempting to break the blockade en route to Iran, Fox's Griffin reports
UBS (UBSG SW) CEO says Europe will continue to fall behind Asia and the US until politicians are forced into action by a severe crisis, adds that over-regulation has driven the decline in Europe, FT
Iranian Revolutionary Leaders says that Iran will secure the region of the Persian Gulf, RNA reports
US PRE-MARKET MOVERS: CRWV, AKAM, MCHP, IREN, COIN, NKE
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This sentiment could spur market concerns about regulatory overreach and its impacts on European equities, particularly banks, which may struggle to regain their footing without a shift in policy direction.
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