European markets head for lower open as sentiment sours slightly ...Middle East

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European markets head for lower open as sentiment sours slightly
CNBC Pro: UBS downgrades 2 large global automakers over ‘highly competitive’ Chinese EVs threat UBS has downgraded two large global automakers over mounting competition from Chinese electric vehicle manufacturers. The investment bank also cut price targets as it sees mass market car makers lose market share to Chinese firms such as Warren Buffett-backed BYD. CNBC Pro subscribers can read more here. — Ganesh Rao UBS expects ‘clear signs of slowing’ for U.S. economy by November’s FOMC meeting UBS is sticking by its view of a “softish” landing for the U.S. economy, saying inflation is moving closer to the Federal Reserve’s target without a recession this year. “August was a tough month f

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