FIEE News and Press, UBS AG FI Enhanced Europe 50 ETN due February 12 2026 From 01/31/23

Summary In 2023, many EU sectors will see diminishing growth due to a weak economy. Manufacturing, staffing, and construction are likely to face a small decline though not all sectors will shrink. While the Technology, Media & Telecom (TMT), and transport sectors should see lowe...

Summary A progress report on inflation: Inflation appears to have peaked, led by improvements in core goods prices and rate-sensitive sectors like housing. The policy focus has shifted to labor market normalization where early signs of progress are emerging. Is a soft landing in sight? ...

Summary Central banks are increasingly perceived to be behind the curve, and participants are forming their own view based on economic data. A dovish bias exposes bonds to more losses today. European inflation and lending are the highlights, followed by US employment indicators. ...

Summary The curve is pricing a rapid decline in rates after they reach their peak in 2023. We do not anticipate the ECB to diverge from previous targets here, though we might get information on how special situations will be dealt with. We don’t see this week’s policy ...

Summary International institutions, including the International Monetary Fund, the World Bank, and the OECD, have all warned of a downturn in the global economy commencing in the fourth quarter of last year and continuing in the early months of 2023. The fourth quarter of 2022 was indee...

Summary Sharp declines in private sector borrowing in December show that the ECB's sharp interest rate rises are starting to have the desired effect. In an already weak economy, this is another dampening effect for 2023 growth, but don’t expect it to be enough to sway next week&#...

Summary Despite a huge energy shock in the economy, production has held up well. There are no miracles here, though. Currently, the post-pandemic catch-up has simply outweighed the negative impact of higher energy prices. By Bert Colijn & Carsten Brzeski ...

Summary When the ECB meets next week, all eyes and ears will once again be on the communication. A rate hike of 50bp looks like a done deal. How far and how fast the ECB will go from there is still unclear. By Carsten Brzeski Recent economic data in the eurozon...

Summary After a 3.0% expansion in 2022, world real GDP is now projected to increase 1.9% in 2023, up from last month's forecast of 1.6% growth. Monetary tightening, cooling demand, and supply chain resilience are driving disinflation. Declines in industrial commodity prices are now movi...

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 ...