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

Summary Policymakers have often said that exchange rates should reflect fundamentals. We are still struck by the latest Bank for International Settlements figures. Their survey found that the average daily turnover in the foreign exchange market was $7.5 trillion a day. While ...

Summary The Federal Reserve, the European Central Bank and the Bank of England will all undershoot the current market discount for terminal rates, but we should get quite close to the tops that the market expects. The energy crisis in Europe adds to bond supply pressure as economi...

Summary After a round of soft inflation data triggered a buy-everything relief rally, Wall Street will focus on Fed speak and a plethora of data points that might show the economy remains resilient. It’s a relatively quiet week for the EU with the two standout economic rele...

Summary Primed for pivot, the market has rallied on the US CPI surprise. Fed officials have started to push back against the premature easing of financial conditions. Timing is especially inconvenient for the European Central Bank, which is still seeing greater risk of deancho...

Summary In today's issue of the 1-Minute Market Report, I examine the market bounce since the October low, and highlight the areas of the market that are leading the way higher. On Thursday, for every stock that was down, there were 26 that were up. For the first time since August...

Summary Eurozone liabilities among and between the member countries are settled in a payment system known as TARGET2. Markets know there is a contingent liability. They know that Germany is a much stronger credit than Italy is. Either way, the market agents are gradually deman...

Summary After two years of buoyant market growth, the outlook for the temporary employment sector darkens for 2023. With economic activity in most European economies expected to slow down, market volumes are likely to decline next year. Rising energy and food prices lead to lo...

Summary Bloomberg reported that net issuance of German debt should reach €45 billion in 2023, nearly three times the originally planned €17 billion. Tightening swap spreads in euro are a reflection of markets pricing the prospect of plentiful bond supply next year, a...

Summary The convergence of energy security and the climate agenda is likely to be a focal point at COP27. The Russia-Ukraine conflict has caused severe energy supply disruption in the EU and forced a near-term policy divergence between energy security and the climate agenda. A...

Summary Global climate adjustment is falling behind in meeting the targets of limiting temperature rise to below 2 degrees Celsius and reaching net-zero emissions by 2050. Developing economies vulnerable to climate change are likely to undertake concerted calls for "loss and damag...