FIEE News and Press, UBS AG FI Enhanced Europe 50 ETN due February 12 2026 From 03/30/22

There’s a lot of talk about the Fed’s balance sheet, but I think what people forget is that the size of the balance sheets relative to gross domestic product is much higher in Japan and Europe. We seek to invest where the greatest opportunity resides, be it in EMs direct...

Global supply chain bottlenecks have made headlines the past couple of years amid the COVID-19 pandemic and geopolitical tensions. China’s ageing demographics, which lead to a reduction in labor supply, are necessitating higher value-added manufacturing. A shortage of empty...

With global markets close to post-Ukraine war highs, we remain neutral on global equities. In the UK, the Bank of England is the outlier for now, raising interest rates by a further 0.25% but alluding to the possibility of an easier trajectory of rate increases as growth slows due to ...

A stabilisation of long-end inflation swaps suggests markets retain confidence in central banks’ ability to contain inflation. This justifies curve flattening, even in Europe. Markets seem to be fine with higher rates, but real rates still have a long way to go before they ...

Preliminary PMI survey data showed only a modest impact from the Ukraine war on current economic growth in the world's largest developed economies in March. The United Kingdom recorded the strongest growth of the four largest developed economies for the third month in a row in March. ...

We believe that the Cybersecurity theme can help manage geopolitical risk in a portfolio, as well as idiosyncratic risk linked to companies’ product and supply chain weaknesses. We expect equity markets to be supported by negative real yields as high inflation persists. The...

We now prefer U.S. and Japanese equities over European stocks due to the energy shock. We stay underweight bonds because of the inflationary backdrop. Bond yields sprinted higher last week, with U.S. 10-year Treasuries hitting near three-year highs. Signs of weakening economic activit...

High-frequency economic data are important because of the insight generated about the economy and the possible impact on policy. In the bond market, the Chinese 10-year premium has collapsed. It last finished above 100 bp on March 7. Bedeviled by Covid and natural disasters, the J...

Investors appear remarkably calm at the moment given the level of uncertainty we’re facing this year, from inflation to interest rates and even Covid, when you consider China is still embracing lockdowns. Throw soaring commodity prices into the mix and there’s plenty of ...

Food inflation is becoming a bigger driver of higher prices. Supply chain problems are returning, adding to goods inflation risk. The Ukraine war has created another supply shock on top of an already high inflation rate. Most of the reopening shock seems to be behind us. For...