UBS On-Air: Market Moves

CIO Global Livestream - After the correction

29 Aug 2024

Contributed by Lukas

In this global CIO livestream, Global Chief Investment Officer Mark Haefele and his colleagues from around the world will delve into the recent market...

UBS On-Air: Paul Donovan Daily Audio 'The (dis) inflation cycle starts again'

29 Aug 2024

Contributed by Lukas

The cycle of European consumer price inflation data is about to start again (in reality, this is pretty much a perpetual cycle). The Spanish and Germa...

UBS On-Air: Paul Donovan Daily Audio 'Micro and macro'

28 Aug 2024

Contributed by Lukas

There is little macroeconomic data today. Asian markets have been moved by corporate news, with micro evidence of additional weakness from China’s c...

ElectionWatch: ‘After the convention’ - DNC edition

27 Aug 2024

Contributed by Lukas

We weigh in on the state of the race and investment implications following the Democratic National Convention (DNC). Featured are Tom McLoughlin, Co-...

UBS On-Air: Paul Donovan Daily Audio 'The disappearance of dumping'

27 Aug 2024

Contributed by Lukas

The rise of economic nationalism has encouraged a rise in accusations of export “dumping” (selling at a loss in foreign markets)—and China has b...

Top of the Morning: CIO Strategy Snapshot - Jackson Hole & UBS House View

26 Aug 2024

Contributed by Lukas

As we begin a new trading week, investors do so with further clarity around the course for monetary policy, namely the prospects for rate cuts in the ...

UBS On-Air: Paul Donovan Daily Audio 'Central bankers speaking, everywhere'

23 Aug 2024

Contributed by Lukas

Bank of Japan Governor Ueda spoke to the Japanese Diet, and was inclined to be somewhat hawkish. There was an acknowledgement of the instability of fi...

UBS On-Air: Paul Donovan Daily Audio 'Policy works with a lag'

22 Aug 2024

Contributed by Lukas

The Federal Reserve minutes make it clear that rate cuts are coming (some wanted to cut in July). The Fed is late, and is now going to have to scrambl...

UBS On-Air: Paul Donovan Daily Audio 'Getting it wrong'

21 Aug 2024

Contributed by Lukas

The US will be revising last year’s non-farm payrolls data. Markets have a heightened interest in the labor market, and these revisions are likely t...

Around the Horn: Monthly Fixed Income Roundtable with UBS Asset Management

20 Aug 2024

Contributed by Lukas

Tune in monthly to hear from top portfolio managers and business heads from UBS Asset Management’s Muni, Taxable Fixed Income and Liquidity teams. ...

UBS On-Air: Paul Donovan Daily Audio 'Political theater, economic muttering'

20 Aug 2024

Contributed by Lukas

US politicians are politicking. At the margin, Vice President Harris’s endorsement of the proposed increase in US corporate tax rates might seem to ...

Top of the Morning: CIO Strategy Snapshot - Mo’ Momentum Markets

19 Aug 2024

Contributed by Lukas

Jason explains why financial markets have become more prone to rollercoaster swings that result in positive momentum and sharp reversals. We also pre...

UBS On-Air: Paul Donovan Daily Audio 'More politics. More policy.'

19 Aug 2024

Contributed by Lukas

The data calendar today is so quiet even ECB President Lagarde does not appear to be speaking. The lack of economic data to guide investors might be t...

Top of the Morning: The week in review and preview

16 Aug 2024

Contributed by Lukas

We close out another trading week by recapping some notable economic data releases that could influence the Fed’s decision on rate cuts for the Sept...

UBS On-Air: Paul Donovan Daily Audio 'The politicization of inflation'

16 Aug 2024

Contributed by Lukas

The US middle-income consumer is doing just fine, with yesterday’s retail sales data showing little fear of unemployment and a willingness to indulg...

Macro Monthly Podcast with UBS Asset Management

15 Aug 2024

Contributed by Lukas

Tune in monthly to hear from UBS Asset Management’s multi-asset team for thoughts on the global macro environment, and markets.

UBS On-Air: Paul Donovan Daily Audio 'From inflation to labor markets'

15 Aug 2024

Contributed by Lukas

US July consumer price inflation data continued recent trends. Most sectors of the US economy have deflation somewhere (furniture prices seem to be pl...

UBS On-Air: Paul Donovan Daily Audio 'Disinflation and what it means'

14 Aug 2024

Contributed by Lukas

The publication of US consumer price inflation forces economists to become used car salespeople and real estate fantasists. Part of the disinflationar...

UBS On-Air: Paul Donovan Daily Audio 'Real real rates'

13 Aug 2024

Contributed by Lukas

US July producer price data are due. Producer prices better represent corporate pricing power than consumer prices. (Consumer prices are a combination...

Top of the Morning: CIO Strategy Snapshot: The calm - that refreshes?

12 Aug 2024

Contributed by Lukas

Jason explains last week’s market evolution, and what this week might deliver for the markets as we anticipate key economic readings on consumer spe...

UBS On-Air: Paul Donovan Daily Audio 'Inflation anticipation'

12 Aug 2024

Contributed by Lukas

At the risk of tempting fate, financial markets seem to have got the past week’s hysteria out of their systems and are prepared to go back to lookin...

Top of the Morning: The week in review and preview

09 Aug 2024

Contributed by Lukas

As we close out another trading week, Matt recaps the drivers behind the volatile swings within US equity markets over the past four sessions, along w...

UBS On-Air: Paul Donovan Daily Audio 'Missing demand'

09 Aug 2024

Contributed by Lukas

China’s July consumer price inflation rose a little more than expected, but this was not a signal of better demand. Excluding food prices inflation ...

Top of the Morning: Navigating market volatility in Asia

08 Aug 2024

Contributed by Lukas

Following a period of volatility across Asian equity markets, notably Japan, and within the technology sector, Xingchen stops by the studio to explain...

How should I be positioned? with Jeffrey Sherman (DoubleLine) and Jason Draho (UBS CIO)

08 Aug 2024

Contributed by Lukas

In the wake of the recent episode of global market volatility, Jeffrey rejoins Jason on the podcast to exchange views on the volatility drivers, an ou...

UBS On-Air: Paul Donovan Daily Audio 'US employment data you can count'

08 Aug 2024

Contributed by Lukas

There is an eerie calm over the economic calendar. Weekly US initial jobless claims data may get more attention than normal. This is not survey eviden...

Fixed Income Conversation Corner with Alex Obaza (T.Rowe Price) and Leslie Falconio (UBS CIO)

07 Aug 2024

Contributed by Lukas

Our conversation outlines the current landscape for fixed income investors and where to locate opportunity within the asset class. We also discuss th...

UBS On-Air: Paul Donovan Daily Audio 'Hawk to dove in under a week'

07 Aug 2024

Contributed by Lukas

Bank of Japan Governor Uchida indicated that there would be a pause in interest rate hikes in the wake of the strong financial market reactions. Centr...

CIO First Take: Equities rebound

06 Aug 2024

Contributed by Lukas

Following a tumultuous start to the week for US equity markets, Jason stops by the studio to reflect on today’s rebound rally and what the days and ...

CIO Livestream: Response to market volatility

06 Aug 2024

Contributed by Lukas

Solita Marcelli, Chief Investment Officer, CIO Americas, hosts Jason Draho, Head of Asset Allocation, David Lefkowitz, Head of Equities, and Leslie Fa...

UBS On-Air: Paul Donovan Daily Audio 'Ignoring economics'

06 Aug 2024

Contributed by Lukas

The Japanese equity market is behaving with all the decorum and rationality of someone dancing the Hokey Cokey at a family wedding at two in the morni...

Top of the Morning: ‘CIO Strategy Snapshot - What’s driving the market selloff?’

05 Aug 2024

Contributed by Lukas

As volatility across asset classes continues, Jason breaks down the drivers behind the market moves, explains CIO’s current investment outlook, and ...

UBS On-Air: Paul Donovan Daily Audio 'Markets and fundamentals'

05 Aug 2024

Contributed by Lukas

The Federal Reserve has been late in cutting rates, but that has been true for some time. The policy error is making things worse for lower income hou...

Top of the Morning: July Jobs Report, FOMC, & the week ahead

02 Aug 2024

Contributed by Lukas

As we close out another trading week, Brian shares his thoughts on the latest jobs report, along with the health of the US labor market. We also spen...

Washington Weekly Podcast: SCOTUS reform, Fentanyl curbing, Geopolitics

02 Aug 2024

Contributed by Lukas

On this week’s episode we examine President Biden’s proposed reforms from the US Supreme Court, along with an initiative from the White House the ...

UBS On-Air: Paul Donovan Daily Audio 'Orwellian employment'

02 Aug 2024

Contributed by Lukas

The US employment report for July is due. Like Orwellian newspeak, this can often mean the reverse of what it says it means. The household and establi...

UBS On-Air: Paul Donovan Daily Audio 'Cuts with a British accent?'

01 Aug 2024

Contributed by Lukas

The Bank of England’s rate decision is due. Unlike some other central banks, the BoE has a tradition of dissent and disagreement. Arguably this prod...

CIO First Take: July FOMC meeting

31 Jul 2024

Contributed by Lukas

Join Jason Draho, Head of Asset Allocation Americas, and Brian Rose, Senior Economist Americas, for thoughts and reflections on the outcome of the Jul...

How to address your company stock within your financial plan

31 Jul 2024

Contributed by Lukas

We outline considerations when it comes to how to address company stock within a financial plan, including a review of risks, and guidance on how to n...

ElectionWatch: Decision 2024 update

31 Jul 2024

Contributed by Lukas

Solita Marcelli is first joined by John Savercool, Head of the US Office of Public Policy, to discuss President Biden’s decision to drop out, and th...

UBS On-Air: Paul Donovan Daily Audio 'Is Fed policy error nearly over?'

31 Jul 2024

Contributed by Lukas

The Federal Reserve is not expected to end its policy error today, but hopefully a rate cut will be signaled for September. Monetary policy has progre...

Top of the Morning: UBS CEO Macro Briefing Book - Quarterly update

30 Jul 2024

Contributed by Lukas

We spotlight the latest edition of the quarterly UBS CEO Macro Briefing book as we explore how a shifting macro environment and unprecedented election...

Sustainable Investing Perspectives with Jennifer Anderson (Lazard) and Amantia Muhedini (UBS CIO)

30 Jul 2024

Contributed by Lukas

This month’s episode focuses on the reasons for and benefits of investing in people, along with the opportunities and challenges that exist within t...

UBS On-Air: Paul Donovan Daily Audio 'Disinflationary tendencies'

30 Jul 2024

Contributed by Lukas

Germany and Spain offer July inflation data. German data is expected to be stable. That puts it within a reasonable range around the ECB’s 2% target...

Top of the Morning: CIO Strategy Snapshot - Rotation drivers

29 Jul 2024

Contributed by Lukas

Jason explains the factors that have been behind the notable market rotations over the past month, and for how much longer these moves may continue. ...

UBS On-Air: Paul Donovan Daily Audio 'Political possibilities'

29 Jul 2024

Contributed by Lukas

Markets care about politics when policy probabilities change. So far, the US political circus has not changed many probabilities. The polling position...

Top of the Morning: The week in review and preview

26 Jul 2024

Contributed by Lukas

As we close out another trading week, Danny Kessler drops by to reflect on this week’s abundance of Q2 corporate earnings results, notable economic ...

UBS On-Air: Paul Donovan Daily Audio 'Spending real money'

26 Jul 2024

Contributed by Lukas

Yesterday’s second quarter US GDP release showed the US consumer is alive and well, and spending money. Some of the GDP data reflected a bounce back...

Washington Weekly Podcast: What’s next for President Biden and the Democratic Party?

25 Jul 2024

Contributed by Lukas

In the wake of Sunday’s announcement from President Biden, Shane outlines what comes next for the Democratic Party and the 2024 election cycle, incl...

How should I be positioned? with Jason Thomas (Carlyle) and Jason Draho (UBS CIO)

25 Jul 2024

Contributed by Lukas

Jason Thomas rejoins Jason Draho for a discussion around the US macroeconomic environment, including an outlook for growth, inflation and Fed rate cut...

UBS On-Air: Paul Donovan Daily Audio 'Guessing growth (badly)'

25 Jul 2024

Contributed by Lukas

Equity markets exhibited some volatility yesterday. This is not the fault of economists (there was no news of any economic note). The nature of the mo...

Top of the Morning: Emerging Markets - US dollar centricity, revisited

24 Jul 2024

Contributed by Lukas

The US Dollar has been the undisputed global reserve currency for decades, though can this standing sustain? Alejo joins to weigh in on this pressing...

UBS On-Air: Paul Donovan Daily Audio 'More politics, less market interest'

24 Jul 2024

Contributed by Lukas

Assorted business sentiment opinion polls are published, in an otherwise quiet data calendar. This, unfortunately, means that the surveys will get mor...

CIO Global Livestream: What is driving markets - Elections or earnings?

23 Jul 2024

Contributed by Lukas

Join Kiran Ganesh, Global Head of Investment Communications, Tom McLoughlin, Head of Fixed Income & Municipal Securities, Nadia Lovell, Senior US ...

Macro Monthly Podcast with UBS Asset Management

23 Jul 2024

Contributed by Lukas

Tune in monthly to hear from UBS Asset Management’s multi-asset team for thoughts on the global macro environment, and markets.

Around the Horn: Monthly Fixed Income Roundtable with UBS Asset Management

23 Jul 2024

Contributed by Lukas

Tune in monthly to hear from top portfolio managers and business heads from UBS Asset Management’s Muni, Taxable Fixed Income and Liquidity teams. ...

UBS On-Air: Paul Donovan Daily Audio 'Desperate times'

23 Jul 2024

Contributed by Lukas

There is almost nothing happening on the economic data calendar today—things are so quiet even ECB President Lagarde and former US Treasury Secretar...

CIO Fixed Income Roundtable Podcast - July update

22 Jul 2024

Contributed by Lukas

A look at the performance of fixed income sub-sectors, along with a review of positioning recommendations. Leslie Falconio, Head of Taxable Fixed Inc...

Top of the Morning: CIO Strategy Snapshot - 180 or 360? (Election update)

22 Jul 2024

Contributed by Lukas

Following Sunday’s development of President Biden withdrawing from the 2024 race for the White House, Jason speaks to the implications to the market...

UBS On-Air: Paul Donovan Daily Audio 'Inevitable, but what does it change?'

22 Jul 2024

Contributed by Lukas

The decision of the People’s Bank of China to cut rates by 0.1 percentage point was perhaps inevitable—even on official data, the domestic economy...

Washington Weekly Podcast: RNC takeaways, Assassination investigation, Sen. Menendez

19 Jul 2024

Contributed by Lukas

After an eventful week in Milwaukee Wisconsin, Shane recaps the RNC events and speeches. We also spend time discussing what comes next in the investi...

Top of the Morning: Q2 earnings checkup, Fed’s Beige Book & the week ahead

19 Jul 2024

Contributed by Lukas

With the first week of Q2 corporate earnings now behind us, we reflect on how the initial round of reporting is coming in. We also spend some time re...

UBS On-Air: Paul Donovan Daily Audio 'Slight disappointments'

19 Jul 2024

Contributed by Lukas

UK June retail sales were soggy, coming in below consensus (although not that many economists bother to forecast these numbers, so “consensus” is ...

Top of the Morning: Fixed Income Strategist - A shorter runway

18 Jul 2024

Contributed by Lukas

As growth and inflation trend lower, coupled with the next rate cutting cycle on the horizon, we discuss how fixed income investors should position ac...

UBS On-Air: Paul Donovan Daily Audio 'Rate cuts are coming'

18 Jul 2024

Contributed by Lukas

Two Federal Reserve speakers signalled that interest rate cuts are coming (the tone is consistent with a September rate cut). The Federal Reserve’s ...

UBS On-Air: Paul Donovan Daily Audio 'Is BoE Governor Bailey a Swiftie'

17 Jul 2024

Contributed by Lukas

UK June inflation was broadly as expected, and on target. However, the popular music artist Taylor Swift had several UK concerts in June. Swifties nee...

UBS On-Air: Paul Donovan Daily Audio 'Does the vice president matter?'

16 Jul 2024

Contributed by Lukas

Former US President Trump’s selection of Senator Vance as his running mate is not immediately market moving but it is market relevant. In a televisi...

Top of the Morning: CIO Strategy Snapshot - Market check

15 Jul 2024

Contributed by Lukas

Jason rejoins the podcast to share his take on recent economic data and what it means for the timing of Fed rate cuts in the months ahead. We also sp...

UBS On-Air: Paul Donovan Daily Audio 'Violence and consequences'

15 Jul 2024

Contributed by Lukas

The shooting at former US President Trump’s election rally during the weekend has provoked only a limited market reaction. Markets are concerned abo...

Top of the Morning: Q2 earnings preview, Equity valuations, week ahead

12 Jul 2024

Contributed by Lukas

We close out the week by sharing expectations for Q2 corporate earnings reporting, along with thoughts around equity valuations and positioning. We a...

UBS On-Air: Paul Donovan Daily Audio 'More on inflation (and deflation)'

12 Jul 2024

Contributed by Lukas

US consumer price inflation details continue to suggest that US rate cuts are overdue. Harmonized inflation slowed again (to 1.85% y/y). Durable goods...

Washington Weekly Podcast: RNC preview, Polling update, NATO Summit

11 Jul 2024

Contributed by Lukas

With the Republican National Convention set to commence, we preview the themes that will be covered, along with a look at potential VP picks. We also...

CIO First Take: June CPI data & Market response

11 Jul 2024

Contributed by Lukas

Join members of the UBS Chief Investment Office for some timely thoughts and reflections around the June Consumer Price Index (CPI) print, and what th...

Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 11)

11 Jul 2024

Contributed by Lukas

This week on the Viewpoints podcast, Burkhard spends time reviewing performance trends across global markets, and what they tell us about investor sen...

UBS On-Air: Paul Donovan Daily Audio 'Disinflationary details'

11 Jul 2024

Contributed by Lukas

We have US June consumer price inflation data. Federal Reserve Chair Powell thinks this matters, because politicians think this matters, and Powell th...

Top of the Morning: Emerging Market equities - Looking back and looking forward

10 Jul 2024

Contributed by Lukas

As we have made our way into the second-half of the year, Xingchen drops by to reflect on Emerging Market equities performance drivers over the first-...

UBS On-Air: Paul Donovan Daily Audio 'Bad policy waits for “good data”'

10 Jul 2024

Contributed by Lukas

Perhaps Federal Reserve Chair Powell has opened an economics book (possibly “How the world really works—the economy”). Powell told the Senate ba...

UBS On-Air: Paul Donovan Daily Audio 'Powell, policy, and perceptive questions'

09 Jul 2024

Contributed by Lukas

Federal Reserve Chair Powell is testifying to the Senate Banking Committee today. The issue is whether Powell (who is not an economist) will be able t...

Top of the Morning: CIO Strategy Snapshot - US Labor Market

08 Jul 2024

Contributed by Lukas

In the wake of the June Jobs Report, we take a pulse on the state of the US Labor Market and how the Fed might be interpreting the latest round of dat...

Fixed Income Conversation Corner with Ashok Bhatia (Neuberger Berman) and Leslie Falconio (UBS CIO)

08 Jul 2024

Contributed by Lukas

On the mid-year outlook edition, we spend time reflecting on the drivers of fixed income performance over the first-half of the year, and outline expe...

UBS ElectionWatch 2024: After the debate - Reaction and implications

08 Jul 2024

Contributed by Lukas

Tune in for to hear commentary on the first debate between President Biden and former President Trump. How might the debate impact the election in Nov...

UBS On-Air: Paul Donovan Daily Audio 'A fiscal can’t can’t?'

08 Jul 2024

Contributed by Lukas

France’s second-round legislative election produced an unexpected result, with the far right Rassemblement National pushed into third place. This hi...

UBS On-Air: Paul Donovan Daily Audio 'Political iceberg'

05 Jul 2024

Contributed by Lukas

The UK general election result is now clear (for the benefit of US readers, many countries are able to get a definitive result within hours of voting ...

UBS On-Air: Paul Donovan Daily Audio 'Stable democracy'

04 Jul 2024

Contributed by Lukas

US markets are closed as the country celebrates its attempt to escape rule by a monarch. There has been media speculation about US President Biden’s...

UBS On-Air: Paul Donovan Daily Audio 'Taking time means tightening'

03 Jul 2024

Contributed by Lukas

Federal Reserve Chair Powell said yesterday that the strength of the US economy and labor market meant the Fed could take its time in cutting rates. T...

UBS On-Air: Paul Donovan Daily Audio 'The end of profit-led inflation?'

02 Jul 2024

Contributed by Lukas

The British Retail Consortium shop price index (measuring prices in selected stores in the UK) sank to a 0.2% y/y rate. Is this the end of profit-led ...

UBS On-Air: Paul Donovan Daily Audio 'The trouble with three-ways'

01 Jul 2024

Contributed by Lukas

The first round of the French elections produced results broadly in line with opinion polls (as to the popular vote). An unusually large number of sec...

UBS On-Air: Paul Donovan Daily Audio 'Cold realities'

28 Jun 2024

Contributed by Lukas

Polls immediately after the US presidential debate declared former President Trump the winner. While incumbents often “lose” debates, US President...

Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 10)

27 Jun 2024

Contributed by Lukas

On this week’s episode of Viewpoints, Burkhard spends time reviewing an abundance of global election-related developments, including thoughts around...

Washington Weekly Podcast: Presidential Debate preview, Latest polling

27 Jun 2024

Contributed by Lukas

For this week, Shane previews the highly anticipated debate between President Biden, and former-President Trump, including a review of the rules and c...

Top of the Morning: Emerging Markets - Opportunities in the second half

27 Jun 2024

Contributed by Lukas

Our conversation revisits the emerging markets as we discuss how the asset class has evolved in recent years, performance expectations for the asset c...

UBS On-Air: Paul Donovan Daily Audio 'Presentation, not policy'

27 Jun 2024

Contributed by Lukas

US first quarter GDP is revised, and will keep being revised; we will not have a clear picture of current GDP performance for five years or more. Mar...

Top of the Morning: A ‘Roaring 20s’ scenario for the US economy - Updated assessment

26 Jun 2024

Contributed by Lukas

Our conversation revisits the possibility of a ‘Roaring 20s’-style economy to take shape in the US, as we review the updated assessment of such a ...

House Call: Talking Equity Markets with UBS Asset Management

26 Jun 2024

Contributed by Lukas

A monthly check on US equity market performance and positioning considerations with Jeremy Zirin, Senior Portfolio Manager, and Head of the Private Cl...

UBS On-Air: Paul Donovan Daily Audio 'Political stereotypes'

26 Jun 2024

Contributed by Lukas

There are several ECB speakers on the agenda today. One speaker, Rehn, has already suggested that two further rate cuts are a reasonable estimate for ...

Top of the Morning: How to navigate political bias when investing

25 Jun 2024

Contributed by Lukas

Our conversation today focuses on the current election cycle as it relates to the potential impacts of political bias when it comes to financial decis...

Macro Monthly Podcast with UBS Asset Management

25 Jun 2024

Contributed by Lukas

Hear from top investment professionals from the UBS Asset Management’s Multi-Asset Team.

The Energy Transition: The road ahead & Investment considerations

25 Jun 2024

Contributed by Lukas

Jay Dobson is joined by Dave Intoppa for an in-depth conversation about where we are in the energy transition story, including a look at technological...

UBS On-Air: Paul Donovan Daily Audio 'The King Canute problem'

25 Jun 2024

Contributed by Lukas

In the absence of interesting data, markets focus on less important things, like politics. France has a political debate between current Prime Ministe...

CIO Global Livestream: Rates, China, AI, US elections: Our 2H outlook

24 Jun 2024

Contributed by Lukas

In a special session from Singapore, Chief Investment Officer Mark Haefele is joined by Min Lan Tan, Head CIO of APAC, Paul Donovan, Chief Economist, ...