Today: 3 July 2026

UBS CEO hints at Bitcoin and Ethereum trading as bank goes “fast follower” on tokenized assets

UBS CEO hints at Bitcoin and Ethereum trading as bank goes “fast follower” on tokenized assets

UBS is laying the groundwork for digital asset infrastructure and considering how to offer cryptocurrency access to individual clients, CEO Sergio Ermotti said, outlining a measured approach into a space that most big banks have so far observed from the sidelines. The comments carry weight since UBS controls one of Europe's biggest reservoirs of wealthy assets. The bank faces pressure to meet client demand for fresh products while avoiding open-ended risk.
5 February 2026
Bank of England rate decision: Traders brace for a 3.75% hold as UK inflation stays above target

Bank of England rate decision: Traders brace for a 3.75% hold as UK inflation stays above target

LONDON, Feb. 5, 2026, 08:30 GMT The Bank of England is set to hold its benchmark Bank Rate steady at 3.75% on Thursday. The policy announcement is scheduled for 1200 GMT, followed by a press conference 30 minutes later. The previous rate cut in December passed by a slim 5-4 margin. Investors have now pushed bets on the next move into the second quarter, even though Governor Andrew Bailey has suggested inflation could return to the 2% target as soon as April or May. “Despite sluggish growth and a weakening labour market, the BoE will want further evidence that inflation is falling towards its 2% target,” said James Mashiter, a fixed-income portfolio manager at SEI.
Meta Stock Slides Again as Needham Warns of 10%-15% Downside on AI Spending

Meta Stock Slides Again as Needham Warns of 10%-15% Downside on AI Spending

Meta Platforms shares dropped 3.3% on Wednesday, hitting a low of $667.46 before settling near $669. Investors are growing uneasy over how much cash top tech firms are sinking into AI infrastructure, with Meta’s spending plan now under the microscope. Needham senior analyst Laura Martin labeled the stock “priced for perfection” in an interview, warning it could slide 10% to 15% if growth targets slip. Needham also projects Meta’s operating margins—profit from core operations—may fall from about 40% in 2025 to the low 30% range in 2026. Meanwhile, Martin noted that ad-tech rivals like Alphabet, The Trade Desk, and Magnite have reported solid results.
5 February 2026
Shell keeps $3.5bn buyback despite Q4 profit slide — and debt jumps to $45.7bn

Shell keeps $3.5bn buyback despite Q4 profit slide — and debt jumps to $45.7bn

Shell announced on Thursday a new $3.5 billion share buyback and raised its dividend, despite a drop in profit that missed expectations in the final quarter of 2025. This shift is significant since investors long viewed buybacks as the oil sector’s go-to way to deploy cash, despite sliding crude prices and shrinking earnings. Now, the key issue is how long Shell can maintain steady returns without its leverage inching higher.
Vodafone Stock Jumps Back Into Focus as €500m Buyback Starts and Q3 Sales Climb

Vodafone Stock Jumps Back Into Focus as €500m Buyback Starts and Q3 Sales Climb

London, 08:32 GMT, February 5, 2026 Vodafone announced a new €500 million share buyback Thursday, alongside a 6.5% jump in third-quarter revenue to €10.5 billion. The results put the company firmly on course to hit the top end of its full-year profit and cash flow targets. CEO Margherita Della Valle confirmed the group is “on track to deliver at the upper end” of its guidance. Vodafone’s shares have surged 73% over the last year.
Michael Burry Warns Bitcoin’s Slide Could Spark a $1 Billion Gold-and-Silver Dump as $70,000 Nears

Michael Burry Warns Bitcoin’s Slide Could Spark a $1 Billion Gold-and-Silver Dump as $70,000 Nears

Bitcoin dipped closer to $70,000 Thursday after hedge fund manager Michael Burry cautioned that larger losses might trigger asset sales extending beyond crypto, hitting gold and silver too. The selloff matters now because bitcoin is deeply woven into mainstream portfolios via exchange-traded funds and corporate treasury holdings. When that flow reverses, it can trigger selling in areas unrelated to crypto’s fundamentals.

Stock Market Today

  • EPP Trades Over 200-Day Average as Shares Hit $49.79
    July 2, 2026, 6:07 PM EDT. iShares MSCI Pacific ex Japan ETF (EPP) traded above its 200-day moving average of $49.44 on Tuesday, touching $49.79 at the session high. The ETF was last up 0.7% at $49.63, trading between a 52-week low of $44.40 and high of $53.97. EPP tracks equities across the Pacific region with Japan excluded.
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