Switzerland

The value of independence

UBS Latest Views | Apr 12, 2019 at 12:00 AM
  • * Over the past forty years, inflation in developed economies went from high and unstable to low and stable. This was not due to technology (which changes relative prices, not inflation). This was not due to globalization (which raised inflation a little). This was due to central bank independence. * Central bank independence is even […]

Switzerland

FOMC minutes not that dovish

UBS Latest Views | Apr 12, 2019 at 12:00 AM
  • Today the Fed released minutes of the 20 March FOMC meeting.
  • At any time, investment decisions (including whether to buy, sell or hold securities) made by UBS and its employees may differ from or be contrary to the opinions expressed in UBS research publications.
  • UBS does not provide legal or tax advice and makes no representations as to the tax treatment of assets or the investment returns thereon both in general or with reference to specific client’s circumstances and needs.

Switzerland

The trillion dollar space race gathers pace

UBS Latest Views | Apr 12, 2019 at 12:00 AM
  • In a significant milestone for the commercialization of space, the Falcon Heavy rocket delivered its first paid payload to orbit on 11 April.
  • The launch of the rocket, reportedly the most powerful flying vehicle in operation, was capped by the successful return to earth of its reusable boosters and center core stage.

Switzerland

UBS: Where a recession would hit the Eurozone hardest

UBS | Apr 11, 2019 at 7:00 AM
  • As the euro celebrates its 20th anniversary, investors worry about how it will fare in the next recession.
  • In a new report published today, UBS Global Wealth Management provides an in-depth analysis of how the Eurozone’s economy, capital markets and currency could withstand a serious economic downturn.
  • For the ECB specifically, the report’s severe recession scenario anticipates a new generation of monetary policy.

Switzerland

Significant uncertainties and how to manage them

UBS Latest Views | Apr 11, 2019 at 12:00 AM
  • The latest signals from the Federal Reserve and European Central Bank (ECB) have reinforced market expectations that rates will stay lower for longer.
  • FOMC March minutes confirmed that officials expect rates to remain on hold for the remainder of 2019.
  • Finally, the Fed flagged the risk of “sizable spillovers from a greater-than-expected economic slowdown in Europe and China,” while the ECB noted that “risks to the euro area growth outlook remain tilted to the downside”.

Switzerland

Cryptocurrencies – fitting the narrative to the price

UBS Latest Views | Apr 11, 2019 at 12:00 AM
  • Spring has sprung in New York and so have cryptocurrency prices.
  • At any time, investment decisions (including whether to buy, sell or hold securities) made by UBS and its employees may differ from or be contrary to the opinions expressed in UBS research publications.
  • External Asset Managers / External Financial Consultants: In case this research or publication is provided to an External Asset Manager or an External Financial Consultant, UBS expressly prohibits that it is redistributed by the External Asset Manager or the External Financial Consultant and is made available to their clients and/or third parties.

Switzerland

Saving for retirement is like Bizarro Superman

UBS Latest Views | Apr 11, 2019 at 12:00 AM
  • At any time, investment decisions (including whether to buy, sell or hold securities) made by UBS and its employees may differ from or be contrary to the opinions expressed in UBS research publications.
  • UBS Switzerland AG, UBS Europe SE, UBS Bank, S.A., UBS Brasil Administradora de Valores Mobiliarios Ltda, UBS Asesores Mexico, S.A. de C.V., UBS Securities Japan Co., Ltd, UBS Wealth Management Israel Ltd and UBS Menkul Degerler AS are affiliates of UBS AG.
  • External Asset Managers / External Financial Consultants: In case this research or publication is provided to an External Asset Manager or an External Financial Consultant, UBS expressly prohibits that it is redistributed by the External Asset Manager or the External Financial Consultant and is made available to their clients and/or third parties.

Switzerland

Trick or treat?

UBS Latest Views | Apr 11, 2019 at 12:00 AM
  • * The EU echoed to a familiar sound last night – the sound of a can being kicked down the road. The latest plan is that the EU will be cut off from the UK on a Thursday (Halloween), possibly earlier. Markets, UK consumers and the world in general really cannot be bothered to feign […]

Switzerland

UBS presents “Women in Economics”

UBS | Apr 10, 2019 at 7:15 AM
  • UBS is celebrating the contributions of women in economics with a dedicated website and a series of prestigious events.
  • UBS is working in partnership with the Centre for Economic Policy Research (CEPR).
  • The featured researchers will be selected in partnership with the Centre for Economic Policy Research (CEPR), an independent, non-profit network of more than 1,300 economists.