FIEE News and Press, UBS AG FI Enhanced Europe 50 ETN due February 12 2026 From 10/12/22

Summary Global economic output contracted for a second straight month in September, adding to signs that businesses around the world are reporting the toughest conditions outside of pandemic lockdowns since the global financial crisis. Manufacturing is being hit by rising prices, ...

Summary 22Q3 earnings are forecasted at €131.3 billion (+29.4% y/y, -10.3% q/q) while revenue is forecasted at €1,431.4 billion (+18.2% y/y, -1.0% q/q). Earnings growth has increased by 5.2 percentage points (ppt) heading into earnings season. The increase in hea...

Summary Few sectors escaped this year’s global equity selloff in Q3. Those most vulnerable to the punishing effects of the recent spike in interest rates have paid an especially heavy toll. Real estate, telecom, utilities and tech were the worst performers in most marke...

Summary The median forecast in Bloomberg's survey is for a 0.2% increase on the month. This will replace the 0.4% increase in September last year and allow the year-over-year rate to fall toward 8.1% from 8.3%. Encouraged by the Fed's economic projections and a view of the Fed's r...

Summary The minutes of the ECB's September meeting delivered a couple of interesting insights. Though quantitative tightening currently looks unlikely, it will come eventually. We expect QT to be felt across three dimensions of rates markets: duration, credit premia, and money...

Summary The Fed is primarily concerned with what is happening with inflation. This earnings season will likely be filled with hiring freezes/layoff announcements, cost-cutting saving measures, and mostly downbeat outlooks. The West is working towards fresh sanctions and potent...

Summary Market rates are primed for a large fall. But first, we need to see hints of a peak in official rates, and that still depends on a very uncertain path for (core) inflation. Once that is in, or we are much closer to it, we can prepare for a structural decline in market ...

Summary Central banks are still far from bailing markets out. There is no evidence that financial stability concerns are distracting them from their inflation fight. Their inflexibility is why we see more upside for rates and spreads. By Antoine Bouvet , Benj...

Summary Global equity markets outside of the United States have completed a third negative quarter, with the MSCI ACWI ex US IMI Index down 11.26% in the three months through October 30. For the year to date, this index is down 27.19%, which clearly indicates a “bear market...

Summary Equity market volatility persisted in the third quarter as investors came to terms with a new reality of high inflation and rising interest rates. For most of this year, equity markets have violently traded on this unholy trinity of rising inflation, rate hikes and growth ...