FIEE News and Press, UBS AG FI Enhanced Europe 50 ETN due February 12 2026 From 02/25/23

Summary Overnight interest rates measure the cost at which market participants access short-term funding and are thus critical to the health of a given financial system. CME Group RepoFunds Rates and the European Central Bank’s €STR are both important overnight interest ra...

Summary Disinflation trends are struggling and now Wall Street will look to see if improving manufacturing and service activity will further fuel pricing pressures. Eurozone: While headline inflation has been falling, core remains at the peak and policymakers are unlikely to ease off th...

Summary Provisional PMI survey data for February indicate encouraging resilience of the major developed economies of the world, with reviving output growth in the US and Europe allaying fears of near-term recessions. Growth was recorded in all four economies for the first time since Jun...

Summary For a fourth consecutive month, the S&P Global Market Intelligence forecast of 2023 global economic growth has been revised upward. Global consumer price inflation eased from a peak of 8.3% year on year (y/y) in September 2022 to an estimated 7.5% in January. The global ...

Summary Uncertainty abounds in many key global macroeconomic drivers. However, some of this uncertainty, global growth and geopolitics in particular, may provide a strong tailwind for EM debt. All key global macroeconomic drivers are maximally uncertain – rates, FX, duration, IG ...

Summary Eurozone business activity growth accelerated to a nine-month high in February, reflecting an improved performance of the service sector and a return to growth of manufacturing output. Growth has been buoyed by rising confidence as recession fears fade and inflation shows signs ...

Summary The European Central Bank's policy stance has become restrictive. To us, the impact on the economy is probably the most underestimated drag on growth for 2023. The good news is that we see no meaningful signs of fragmentation between countries, so monetary policy is not caus...

Summary Today promises another series of upbeat indicators reinforcing the higher-for-longer narrative. EUR rates appear to have only just reached fair value, helping to explain why investors still look at them with suspicion. Geopolitical tensions are rearing their ugly head. ...

Summary The latest round of economic data (retail sales, CPI, PPI, jobless claims) are all signaling more Fed rate hikes are coming. A quiet week for the UK with the early part bringing PMIs from the services and manufacturing sectors and the latter BoE appearances. This week’...

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...