FIEE News and Press, UBS AG FI Enhanced Europe 50 ETN due February 12 2026 From 01/25/23

Summary In recent weeks, evidence has mounted that the eurozone economy is proving resilient in the face of large shocks from higher energy prices and tighter financial conditions. While our expectation has been that a recession would be mild in Europe, recent data implies we may avoid ...

Summary A steadying of the eurozone economy at the start of the year adds to evidence that the region might escape recession. The marginal return to growth of output across the eurozone as a whole was accompanied by a sharp improvement in optimism about the year ahead. The easing of...

Summary Americas equities, ETPs, corporate bonds, and government bonds all outperformed when compared with previous six-month periods. Corporate bonds continued their impressive run throughout the second half of 2022 increasing revenues over each quarter. 2022 was an outstanding yea...

Summary For several months, we have said that a slowing of inflation could provide a temporary tailwind to equity markets, but that weakening growth will eventually hit them with a stronger headwind. Tumbling PPI suggests that companies are starting to struggle to pass on rising costs. ...

Summary It will be a busy week filled with the first look at Q4 GDP, corporate earnings, and US debt ceiling gridlock. The EU flash PMIs early in the week will be of keen interest as investors continue to assess how much trouble the economy is in. While the UK PMIs would typically b...

Summary European credit has started 2023 with a bang. In the aftermath of the invasion of Ukraine, the vulnerability of Europe’s energy ecosystem has been one of the principal concerns for European corporate issuers. Europe’s more open economy arguably benefits more fr...

Summary US markets remain focussed on the looming recession, though data not being quite as bad yesterday allowed for a modest bounceback in rates. The ECB's pushback against market rates lower has had modest success so far, but we think more headwinds are brewing for EUR rates in parti...

Summary Strains are building, and the U.S. will likely enter recession in the second half of 2023. By then, Europe will likely be emerging from recession, while China and Emerging Asia may be enjoying a COVID-reopening-inspired recovery. Segments of the inflation basket will soften rapi...

Summary We expect rates to stabilize in the second half of this year and fall later in 2023 or early 2024. Overseas buyers’ reduced appetite for euro sovereign issues is a further potential concern. Sovereign-bond valuations across the European periphery have realigned. ...

Summary Active fixed-income ETFs allow portfolio managers to stay nimble and avoid sectors and parts of the credit spectrum that might encounter increased stress. There are now a growing number of dividend ETFs that are focused on yield and offer responsiveness to evolving sector dynami...