FIEE News and Press, UBS AG FI Enhanced Europe 50 ETN due February 12 2026 From 03/04/23

Summary The US has a very busy week ahead. The two main events are Fed Chair Powell’s semi-annual testimony to Congress and the nonfarm payroll report. Christine Lagarde’s appearance in the middle of next week will be highly anticipated following the February inflation dat...

Summary In the 20 countries that use the euro, the annual rate of the core Consumer Price Index spiked to a record 7.7%. Services inflation spiked to a record annual rate of 4.8% in February. Inflation is very difficult to control once it reaches services, many of which are essentia...

Summary The United Kingdom and the European Union finalized on Monday, February 27, an agreement on rules governing trade between Great Britain and Northern Ireland, the “Windsor Framework”. This agreement is a very positive political development for both the UK and the EU...

Summary We called for the recent rise in market rates, and when they eventually popped, it was in a flash. Thematically, inflation stickiness is a key theme, and heads have turned to "we told you so" central banks. Logically, upward pressure for market rates remains, which is probab...

Summary Lower energy prices have boosted both business and consumer confidence. However, the better growth outlook will slow the decline in core inflation, pushing the ECB to act more forcefully. A terminal deposit rate of at least 3.50% now seems likely. Consequently, the economy w...

Summary Europe’s dependency on cheap Russian energy would push the economy into a deep recession, or so it was assumed. Supply-side pressures are dissipating, and the fall in these pressures presages a sharp melting of the area’s inflation rate, reducing the necessity of p...

Summary Fully stocked warehouses, the higher cost of working capital and a gradual return of just-in-time management will likely weigh on inventory building in the coming months. That will be a modest headwind for economic growth in Europe in the first half of the year. However, it ...

Summary Investors were net purchasers of money market funds while being net redeemers of equity funds, tax-exempt fixed income funds, and taxable bond funds for the week. For the week, the average equity fund (including ETFs) witnessed market declines of 1.01%, while its taxable fixed i...

Summary We think value stocks can outperform as interest rates head higher. Regions and sectors help us find quality within value and growth at a reasonable price. Stocks slid after the Federal Reserve’s preferred inflation gauge showed persistently high inflation, reinforcing wh...

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...