FIEE News and Press, UBS AG FI Enhanced Europe 50 ETN due February 12 2026 From 02/10/23

Summary Developed economies remain the main source of the unusual outperformance of employment relative to output. An easing of global supply chain constraints has also helped encourage many businesses to raise their capacity expansion plans, notably in the US and Eurozone. Optimism...

Summary Europe has a particularly export-oriented economy. Before the pandemic (4Q19), exports of goods and services from the euro area totaled 47.4% of nominal GDP compared to just 11.6% for U.S. exports. Moreover, China has grown in importance as a destination for European exports - s...

Summary Declines across asset classes in 2022 may be a net positive for ETFs as investors repair and retool their portfolios. Areas away from the S&P 500 are capturing flows while high yields in the Treasury market attract record-high idle cash. At the same time, advisors may re...

Summary Global government bonds rallied in January amid a flurry of positive economic data showing signs that inflation worries are easing and energy prices are dropping. In the U.S., economic data released by the Bureau of Labor Statistics signaled that inflationary pressures may be ea...

Summary A recession in the United States and in Europe will be less severe than had been expected. Continued economic and military support from the West is the most critical element I think for Ukraine going forward. There's been some improvement in the tone of the relationship betw...

Summary Through the recent gyrations, markets seem to lack the conviction needed to push new lows in rates. The resulting range-trading environment brings lower rates volatility and better risk appetite. We think rates differentials should narrow when rates finally converge lower. ...

Summary A day after the Fed’s announcement, the ECB raised its key interest rate 0.5% to 2.5% on Thursday. This was the fifth straight increase in the ECB’s key interest rate. Bond investors are fully expecting inflation to cool off, and that the Fed’s key interest ...

Summary While some pessimism has lifted from central bank messaging, we still think the market may be hearing only what it wants to hear. The BoE hiked rates by 50 basis points, but hinted that this might be the end of the cycle. That was dovish, but not entirely unexpected, given the f...

Summary We see central banks stumbling into a more nuanced phase of the inflation fight and nearing a pause on hikes. We like short-term bonds and credit for income. U.S. stocks rose but trimmed gains and Treasury yields jumped after U.S. jobs data showed a tight labor market, reviving ...

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. ...