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UBS On-Air: Market Moves

UBS On-Air: Paul Donovan Daily Audio 'Polls and politics'

03 Nov 2025

Description

The October US ISM manufacturing sentiment poll is due. Falling survey repose rates and rising political polarisation have conspired to reduce the reliability of survey-based evidence. The risk is that in the absence of proper US economic data, investors turn in desperation to surveys and give them more credibility than they deserve.

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