FIEE News and Press, UBS AG FI Enhanced Europe 50 ETN due February 12 2026 From 10/18/22

Summary Financial markets have entered a period of head-spinning volatility. Consumer inflation remains at record highs across major developed economies. Higher yields will bring new income-generating opportunities and significant shifts in risk-return assessments. ...

Summary Ahead of next week's flash eurozone PMI release, we review the survey findings and the official data after a marked divergence has become apparent. The latest publication of official data from Eurostat showed manufacturing output rising 1.7% in August, almost entirely reve...

Summary Looking at all the evidence available so far, it looks like the eurozone fell into a shallow recession in the third quarter. For the European Central Bank, this is unlikely to be enough to prompt an immediate dovish pivot given its determination to hike interest rates in t...

Summary The Bank of England’s reaction to the UK’s fiscal U-turn will be key to determining if Gilts can rally further. They are especially nervous about quantitative tightening and the outlook for rate hikes. The European Central Bank has yet to revise its growt...

Summary Bond markets appear to be disciplining policy inconsistencies, both within sovereigns and among them. Policymaking can be inconsistent in two ways: within a sovereign, between the fiscal and monetary authorities, and among sovereigns. We see plenty of evidence that pol...

Summary After a bumpy year, 2023 could prove to be even more challenging for global goods trade with consumer demand faltering, oversupply returning, and the energy and subsequent inflation crisis persisting. So far this year, global merchandise trade has held up extremely well gi...

Summary Both the Empire Manufacturing Survey and Philly Fed business outlook are expected to remain in contraction territory. Earnings season heats up as we hear from Bank of America, Goldman Sachs, Netflix, and Tesla. Japan may need to intervene in the FX market again as the ...

Summary For the most part, 2022 has unfolded largely on script, with inflation proving stubborn and the Federal Reserve seeking to cut off the spigot. Despite the general monetary trend toward stiff tightening on a global basis, individual countries continue to initiate moves to s...

Summary Europe and the UK are already facing energy challenges, which could be worsened by colder-than-expected weather or more geopolitical tensions. Government relief measures could provide some support, but they also bring about their own challenges. The blend of high reces...

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, ...