EUROPEAN WEALTH RISES, BUT U.S. STAYS FAR AHEAD Europeans grew wealthier in 2025, with average wealth per adult rising 17%, helped by a stronger euro. Still, average wealth in Europe ($337,083) remains less than half that of the U.S. ($696,277), according to UBS. The U.S. also remains home to more than 40% of the world's millionaires. *Walter Bloomberg (@DeItaone) / Twitter · 06-30 21:31
CENTRAL BANKS BOOST GOLD, REDUCE DOLLAR EXPOSURE More central banks now plan to reduce U.S. dollar holdings over the next decade while increasing allocations to gold and the euro. A net 30% expect to raise gold holdings, driven increasingly by geopolitical risks. Meanwhile, demand for euro assets is rising, and AI adoption is accelerating among central banks, with the U.S. and China seen as the most attractive investment markets. *Walter Bloomberg (@DeItaone) / Twitter · 06-30 19:50
CENTRAL BANKS PLAN TO CUT DOLLAR HOLDINGS Central banks expect to gradually reduce their U.S. dollar reserves, according to an OMFIF survey. While the dollar remains the world's dominant reserve currency thanks to its liquidity and safety, more central banks now plan to cut dollar exposure over the next decade. The euro and China's renminbi are the main alternatives, though both face structural challenges. *Walter Bloomberg (@DeItaone) / Twitter · 06-30 19:47