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Golden Ten Data reported on April 17th that UBS, in its April 16th research report, stated that based on the bank’s baseline scenario, a final diplomatic solution to the Middle East conflict will enable investors to refocus on robust economic and earnings fundamentals. The bank noted that during the Middle East crisis, it continued to view global and US stock markets as attractive. UBS expects that the US stock market’s first-quarter earnings season will be strong, highlighting a positive outlook for corporate profits, with earnings per share projected to grow by 17% this quarter—marking the fastest growth since the fourth quarter of 2021. However, the bank also anticipates that the path to a long-term ceasefire in the Middle East will be bumpy. Even if shipping through the Strait of Hormuz resumes, the global energy market will require time to return to normal. Therefore, UBS recently raised its Brent crude oil price forecast for the end of June from the previous $90 per barrel to $100 per barrel. In view of the outlook for the energy market, the bank has become more cautious about stock markets most sensitive to rising fuel costs, including the Eurozone and India, and has downgraded their rating from "attractive" to "neutral."

Jinse Finance reported that U.S. storage concept stocks moved lower in premarket trading. Western Digital fell 0.5%, SanDisk dropped 2.48%, Micron Technology declined 0.99%, and Seagate Technology was down 0.37%.

BlockBeats News, April 17th, Investinglive analyst Giuseppe Dellamotta stated that despite the decline in real yields, easing financial conditions, a weakening US dollar, and other bullish factors, the recent upward momentum of gold has weakened. Since the sharp drop at the end of January, gold's performance has indeed been lackluster, with the main difference being that the Federal Reserve has shifted from its previous dovish stance to a neutral one. However, with the optimistic expectation of a US-Iran agreement, gold should still find support, and the downside should be limited. Now everything depends on the US-Iran negotiations. If the negotiations break down again, the gold price may experience a larger pullback, but as long as the ceasefire agreement is maintained, the decline should be limited. On the other hand, if a peace agreement is reached, gold may receive a new boost, continue its rally, and reach new highs. To drive gold to a larger extent, a shift back to a dovish stance by the Federal Reserve is needed. (Golden Finance News APP)