FIEE News and Press, UBS AG FI Enhanced Europe 50 ETN due February 12 2026 From 02/05/23

Summary A truly exceptional year, 2022 was dominated by historically high inflation, sharply rising interest rates and a surge in bond yields. With inflation now peaking and labor markets cooling, the environment enables central banks to slow and potentially pause interest-rate hikes. ...

Summary The ECB has hiked rates by 50 basis points and they are saying they will hike another 50 in March. I think this is the right thing to do. They need to continue to focus on getting inflation down. But that will probably be the end. They’ll probably do 25 or 50 in March bec...

Summary Inflation was arguably one of the biggest challenges faced in 2022. Although it doesn’t look to be going away in the early part of 2023, it does seem likely to slow as the year goes on. The December 2022 meetings by three of the most major central banks concluded a year o...

Summary Economists expected the U.S. economy to have added 185,000 jobs last month, following the 223,000 added in December. Forecasts also had the unemployment rate increase from 3.5% to 3.6%. The job numbers shocked everyone, as U.S. employers continually appear in the headlines annou...

Summary European stocks are oversold. Europe is a model of fiscal discipline. Europe is showing impressive resolve. A warm winter. European equities are cheap. Many economic indicators point to a global slowdown. Unprecedented tailwinds in the form of free money an...

Summary Traders will pay close attention to initial jobless claims and the University of Michigan sentiment report. We learned a lot this past week about the position the euro area economy is in, the ECB's perception of it, and the market’s trust in the central bank. The stan...

Summary Global manufacturing output fell for a sixth successive month in January, but the rate of decline showed welcome signs of moderating for a second successive month. The global manufacturing downturn showed signs of easing at the start of 2023, according to the latest PMI surveys ...

Summary US market rates fell after the Fed decision. This looks more like a market positioning effect than anything specific from the meeting, though, and we can expect some retracement. Both the European Central Bank and Bank of England are likely to hike by 50bp today, but the und...

Summary Headline inflation continues its fast decline and dropped to 8.5% in January, while core inflation remains stubbornly high at 5.2%. Lacking German inputs, these numbers are tricky to interpret, but for the ECB, high core inflation will be enough to hike by another 50bp tomorrow....

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...