FIEE News and Press, UBS AG FI Enhanced Europe 50 ETN due February 12 2026 From 11/02/22

Summary The imminent recessions we expect in the eurozone and European Union are forecast to be relatively short and sharp. Recessions in the eurozone industrial sector tend to be more frequent, and larger, than real GDP recessions. Real GDP growth is expected to stall in the ...

Summary It is no surprise that with a retreat of 10-year Treasury yields off the highs of 4.33%, the stock market had a big rebound last week. When it is up to the bond market to decide what happens to stocks, then it is up to Jerome Powell, who will be delivering his FOMC press c...

Summary Virtually all of the Q3 2022 GDP growth was attributable to a lower trade deficit that added 2.77% to GDP growth. Most of that came from higher petroleum exports, due largely to one million barrels per day being released from the SPR. In two to three years, I expect energy...

Summary We see central banks on a path to overtighten policy. Their balance sheet reductions up selling pressure on government bonds, so we’re underweight. We think rates will - and may already have - hit levels that make recessions foretold. That isn’t yet reflected...

Summary With this month's hike, the Federal Reserve would have raised overnight rates by 300 bp while doubling the pace that its balance sheet is shrinking over the past 100 days. The JPMorgan Emerging Market Currency Index stabilized in October after falling by nearly 8.5% in the...

Summary The week ahead is important from a macro perspective. The data highlights include China's PMI, eurozone preliminary October CPI and Q3 GDP, and the US employment reports. The October PMI will be reported before the markets open on Monday. The US, eurozone, and UK prelimina...

Summary The outlook on China stimulus. Bank of Canada slows pace of rate hikes. Q3 earnings season update. On the latest edition of Market Week in Review, Chief Investment Strategist for North America, Paul Eitelman, and Investment Strategy Analyst BeiChen Lin discus...

Summary Will the fourth 75 basis-point rate hike be the last major rise before the Fed downshifts in December? Next week’s FOMC decision is widely expecting a unanimous vote for one last major rate increase. Inflation has hit double-digits and remains the ECB’s numbe...

Summary Quantitative tightening will come into sharper relief towards the end of the year. On the dovish side, the ECB noted that substantial progress in withdrawing monetary policy accommodation has now been made. Minimum reserves will be remunerated at the deposit facility r...

Summary The ECB hiked and signalled more to come but markets rallied, seeing it as more appreciative of the downside growth risks. Staying vague on quantitative tightening has helped sovereign spreads, and the ECB chose less-disruptive balance sheet tweaks as first steps. It f...