FIEE News and Press, UBS AG FI Enhanced Europe 50 ETN due February 12 2026 From 12/20/22

Summary The top two mega themes in terms of global net inflows in 2022 were Climate Change-related themes and Big Data. The largest net outflows came from tech-heavy themes, led by Robotics & Automation. 2023 may bring a return to more normal markets driven by economics rather t...

Summary Inflation continues to moderate, not only here, but also in Europe. Despite the negative economic reports and the reaction to the Fed rate hike, the US Dollar barely budged for the week. Value yet again outperformed Growth in the last week, this time by a spread of almost 1%...

Summary This report finds that tight labour markets ahead of a recession cause employment to fall less than normal. So, given that we expect a shallow recession in the eurozone, labour shortages are not going to disappear in all countries and sectors. Modest upward pressure on wages...

Summary The bump in the terminal rate to 5.1%, as per the consensus dot plots in the last FOMC meeting, was not accompanied by a similar sell-off in the Fed funds futures that would reflect a higher terminal Fed funds rate being priced in. The ECB and the BOE also talk the same game pla...

Summary The overall level of business sentiment remains subdued by historical standards, reflecting the challenging environment caused by the high cost of living, rising interest rates, concerns over energy supply and the Ukraine war. The subdued level of the PMI nevertheless means that...

Summary The European Central Bank has committed to encouraging corporate issuers to invest in the climate transition. Corporate issuers will be incentivized to invest in the climate transition in exchange for lower funding costs. The ECB could include a climate-change framework in t...

Summary China’s inflection point began with the easing of access to credit in the property sector in October 2022. If the International Monetary Fund’s forecasts for resilient EM economic growth in 2023 prove to be correct, this should have a positive effect on revenue tre...

Summary While the downturn in global private sector business activity entered its fourth month in November, employment continued to rise. Those companies that are still hiring are also remarking on the challenges in finding staff, with the PMI Comment Trackers showing reports of labour ...

Summary Recession is foretold, in our view, as central banks crush demand to bring down inflation. We think markets are wrong to expect them to later come to the rescue. U.S. stocks fell and the Treasury yield curve inverted its most since the early 1980s. We see recent moves as reflect...

Summary Are we seeing the beginning of a reversal in the decline in stocks, and rise in yields, which have haunted investors this year? If the rebound in equities continues into Q1, it’s possible that leading indicators will flip, offering more convincing support for the idea of ...