UBS Rallies Miners Rise - Market Update

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Market Update :

UBS Rallies, Miners Rise

Author: 123jump.com Staff
123jump.com
Last Update: 6:37 PM EDT April 04 2008

European markets staged a tentative rebound on rising energy and metals prices. However, ongoing credit market problems persisted. Banks and financials were volatile and are likely to face more losses in the second quarter. UBS faced a critical shareholder and a former executive who plans to separate its investment banking from its wealth management unit. The move only reflects shareholders displeasure with the company performance.

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