FIEE News and Press, UBS AG FI Enhanced Europe 50 ETN due February 12 2026 From 02/16/23

Summary Since the Global Financial Crisis, growth in the European real estate sector has been largely fueled by debt. The central bank's response to record inflation in 2022 through rate increases and the reversal of QE had a profound impact on REIT issuers in two ways. Finally, sev...

Summary Stocks have posted solid gains since they started to recover from last year’s painful crash. Policy trends that drive currency moves and macroeconomic growth differ around the world. Disciplined stock selection can help investors achieve effective global diversificati...

Summary In this post, I will focus on trend lines in profitability at companies in 2022, with the intent of addressing multiple questions. While absolute profits are a useful measure of profitability, you have to scale profits to a common scaling variable, to compare companies of differ...

Summary While global green bond markets saw a notable slowdown - particularly in Europe and the United States because of rising interest rate and geopolitical conflicts, China’s onshore green bond market sustained its momentum in 2022. Despite reaching the $2 trillion milestone i...

Summary The hawkish repricing on the US curve has resulted in a further inversion, as swaps still price 2024 rate cuts. The mood is understandably nervous, but some indicators suggest optimism. There is undeniably some upside to rates across maturities today on an upside inflation s...

Summary In the United States, SOFR futures are pricing roughly 200 basis points of rate cuts in late 2023 and 2024. Eurozone core inflation is at 5.2% and the ECB just raised its lending rate to 3%. That’s a 2.2% real rate of interest. There are lots of differences between Eu...

Summary Since the FOMC meeting, the US dollar has enjoyed one of the strongest bounces since it topped out in late September/early October. Market positioning was part of the pre-conditions that led to the surge. Ironically, good news on the economic performances may weigh on stocks and...

Summary For global equity investors, what’s important is to identify broad trajectories of growth and inflation rates, and then to forecast turning points, or changes in those trajectories. Olga Bitel, Global Equity Strategist, and Hugo Scott‐Gall, portfolio manager and co...

Summary The Valentine’s Day inflation report is the main event of this week. Investors will pay close attention to Fed speak after the January inflation report. In the EU, central bank speak as ever remains key with President Lagarde on Wednesday the standout. GDP figures...

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...