FIEE News and Press, UBS AG FI Enhanced Europe 50 ETN due February 12 2026 From 05/23/22

Several European Central Bank officials have become more vocal, showing their concern about the weakening euro. As much as we think that these concerns are overdone, a strengthening euro could be the single most efficient way to temper inflation quickly. This is why the hawks at t...

It’s been another turbulent week in financial markets and there’s nothing to suggest it’s going to ease up any time soon. This week we may have got a clue as markets went into risk-averse mode and the dollar slipped while yields declined and gold rallied. Are rece...

May's PMI data will provide further insights into the extent to which the Ukraine invasion and China's lockdowns are damaging supply chains and adding to inflationary pressures. Growth in the eurozone surprised on the upside in April. A lifting of COVID-19 restrictions facilitated...

The new export orders index from S&P Global's PMI business surveys tracks foreign demand for both goods and services. In a manufacturing company, goods exports are readily quantified as those to be shipped to non-domestic customers. After the initial pandemic downturn in deman...

Eurozone monetary policy normalization is likely here - with the potential need for a new twist. The ECB cannot impose a threshold on a spread without being pledged into the state funding. The ECB may need a backstop to prevent market fragmentation and to protect the economies of ...

There is no shortage of reasons for inflation’s push higher this year – commodity shortages due to the war in Ukraine, continued demand for housing amidst strong fundamentals, and low inventory and fresh lockdowns in China creating new waves of supply chain issues. Reces...

Recession risks are rising, with a European recession, oil embargo risks, and China’s zero-Covid uncertainties adding to Fed rate hikes as headwinds. China’s risks are multi-layered and hard for markets to discount. In our view, IMF officials are much more precise in...

What was viewed initially by central banks as a transitory pick-up in inflation has turned into something much more worrisome. Eurozone inflation is likely to be persistently higher in future than during the pre-pandemic years. Various factors suggest that inflation rates will be ...

Among the most challenging aspects of late has been to try and hold a positive medium-term (one- to three-year) view in the midst of very aggressive, downward-facing, fast-moving, cross-asset selloffs. While inflation does seem to have peaked along with expectations and breakevens, th...

ECB tightening and weakening macroeconomic conditions globally are a toxic cocktail for Italian bonds. Debt sustainability is not yet a concern, but we expect wider spreads until the ECB’s fragmentation facility is officially announced. The EUR/CHF reaction to a widening BT...