FIEE News and Press, UBS AG FI Enhanced Europe 50 ETN due February 12 2026 From 01/10/23

Summary Looking around the globe, we find a few major stock markets with bullish setups. Most are leaning bearish to perhaps strongly bearish. The S&P 500 is currently 30 on a list of 36 country indexes, with Turkey, Poland, Italy, Denmark, and China taking the top slots. Longer...

Summary As expected, despite an overhang of risk from the pandemic, global banking sectors again avoided major crises in 2022. The combination of higher interest rates, tighter liquidity conditions, and risk aversion against a background of weaker global economic growth will slow credit...

Summary Over the last year, major changes occurred, so 2023 will be about managing and reacting to the changes that arrived. As we enter 2023, the pessimism of 2022 may shift to optimism, as economies and markets adapt to the major changes thrust upon them in the year just passed. E...

Summary European bond-market performance was among the worst on record in 2022, as Europe ran the gamut of geopolitical, economic, and market storms. Across both investment grade and high yield, credit spreads are above average and absolute total yields look attractive. We expect th...

Summary Global business activity fell for a fifth consecutive month in December, with the rate of decline moderating slightly amid improved supply conditions but still rounding off the worst quarter since 2009 barring lockdown months. At 48.2 in December, the Global PMI - compiled by S&...

Summary Global government bond yields surged in December amid a flurry of central bank decisions, speculation about the future direction of monetary policy, and slower economic growth. At its December meeting, the European Central Bank raised rates by 50 basis points to bring the deposi...

Summary The US 10yr got back up at 3.75% post the low jobless claims number released yesterday but failed to hold up, instead slipping back towards 3.7%. This refusal of market rates to head higher is preventing financial conditions tightening by as much as the Fed would prefer. Com...

Summary We expect COVID-19 to continue its transition to a global endemic and the status quo to prevail in Russia's war in Ukraine, with no material implications for the global economy. Mild recessions are forecast in the United States and Europe, but resilience in Asia Pacific will pre...

Summary Global equities closed out their worst year since the 2008 financial crisis as central banks launched increasingly aggressive efforts to bring rampant inflation under control. Much of the US’s underperformance versus its peers is an outgrowth of its much larger exposure t...

Summary More cautious investors may want to wait before celebrating the drop in German inflation, lest they face a rising tide of core inflation. Headwinds to bond performance remain, especially for those denominated in euros. The Fed minutes might not fulfil all of the markets ...