FIEE News and Press, UBS AG FI Enhanced Europe 50 ETN due February 12 2026 From 09/02/22

Summary The meeting-by-meeting (MBM) approach opens the door widely for speculation and volatility, as it makes it harder to read the ECB’s reaction function. And exactly this reaction function has changed. It follows a paradigm shift of many central banks as recently witne...

Summary Market rates are set to rise as financial conditions are not tight enough in the US; the US 10yr yield could even go as far as topping 3.5% again. That will pull rates higher elsewhere, including those in the eurozone. Remarkably, financial conditions are significantly...

Summary Unemployment fell from 6.7% to 6.6% in July. Employment expectations from businesses are dropping moderately and the economy is moving towards recession at the moment. A recession will dampen the prospects for increases but is unlikely to nullify them altogether. ...

Summary Despite the recent outperformance of US-based companies and US investors’ home-country bias, we believe investors will still benefit from proper diversification for a well-balanced portfolio. In countries with less-efficient markets, there can be greater investment ...

Summary The latest inflation data suggests that although the rate of rising has slowed, inflation is not going away just yet as the post-pandemic and war in Ukraine era evolves. Therefore, even though there are still reasons to own certain stocks in this market, the pickings may b...

Summary Global securities finance revenues reached $6.1bn in the first half of 2022, an increase of 12% YoY. Global ETP lending revenues were $453mn for H1, continuing to set new all-time highs, representing a 48% YoY increase. 2022 is off to an impressive start for Securities...

Summary Two shocks pushed the economy off course in the second quarter - Russia's invasion of Ukraine on 24 February and COVID-19 lockdowns in mainland China. Although real GDP decreased slightly in the first two quarters of 2022, do not call it a recession! With global demand...

Summary Equities rebounded in recent weeks as investors considered the prospects of a possible pivot by major central banks, especially after China’s central bank unexpectedly cut interest rates. Similar to Europe, core inflation and services inflation are expected to rise ...

Supply shocks continue to plague the eurozone economy, causing inflation to show few signs of abating in the short run. Current natural gas prices make an inflation peak in double digits realistic, and there’s little the European Central Bank can do about it. Inflation decl...

Last quarter, we discussed the ongoing trends of sticky inflation and a hawkish Federal Reserve. These trends accelerated in Q2 as the U.S. Consumer Price Index rose again to 9.1% in June. Equity volatility remains elevated, but strategies such as covered calls can offer compelling op...