Market Insights | UBS Australia

With 24-hour coverage of major asset classes from 12 key financial hubs around the globe, our Chief Investment Office experts identify the latest investment opportunities and market risks for you. Get fresh perspectives on the topics that matter most to you and your investment goals.

Are you ready for the Year Ahead?

As we enter 2026, the world stands at a crossroads. The Year Ahead 2026 report from our award-winning Chief Investment Office - named the Best CIO in Private Banking at the PWM/ The Banker Global Private Banking Awards 2025 - will help you spot the signals that matter, cut through the noise, and act with confidence.

Get your copy

Our Chief Investment Office team of investment specialists works across key financial hubs worldwide and around the clock to identify the latest investment opportunities and market risks which can help you achieve your financial goals.

Benefit from our leading CIO insights, and find out more about:

Investing under Trump 2.0: Uncertainty and market volatility could persist as Trump’s policies take shape. But investors can bolster their portfolios by positioning for several enduring trends.
CIO House View: the impact of current economic trends on asset allocation based on our assessment of the global economy and financial markets.
Economics. Without jargon. Daily insights on a wide range of topics from Paul Donovan, our Global Chief Economist.

Meet our GWM Chief Economist, Paul Donovan

Let's talk

Together, we can help you get the right insights.

Connect with us

Stay up to date with all things UBS Global Wealth Management

I am the Chief Economist of UBS Global Wealth Management. I believe passionately that economics is something everyone can and should understand. We all make economic decisions all of the time. The problem is that economists tend to wrap economics in jargon and equations. We do not need to do that. It is my job to help people realise what they probably already know – by developing and explaining the UBS economic view in a clear way. To do this, I publish research (most of which you can find here), make short videos, and appear in various print and broadcast media.

I tend to think of myself as a political economist, not a mathematical economist. I get very excited about lots of things in economics. Diversity, inflation, education, trade, inequality, sustainability and social change are some of the topics I am very enthusiastic about (to the point of writing books about them).

I joined UBS back in 1992 as an intern economist working in our investment bank. Decades later, I am still working as an economist at UBS. That probably says something about me, being an economist, working for UBS, or all three. As Chief Economist I sit on the Global Investment Committee. I am a UBS Opinion Leader, a member of UBS Pride, and (no doubt to the astonishment of my former art teacher at school) a member of the UBS Art Board. I am also part of the UBS Nobel Perspectives program, and a supporter of the UBS Women in Economics program.

I have an MA in Philosophy, Politics and Economics from Oxford University and an MSc in Financial Economics from the University of London. I am also an Honorary Fellow of St Anne’s College, Oxford and sit on their investment committee and development board. In my spare time, I am an amateur heavyweight boxer (prepared to defend my forecasts in the ring), a keen if very definitely amateur skier and a small scale farmer with apples, pears, and sheep.

Stay up to date

Subscribe to receive Paul's daily investment views and insights.

CIO House View

Economics. Without jargon

Investing under Trump 2.0

Supreme Court decides fate of IEEPA tariffs

31 Oct 2025

The US Supreme Court will issue a decision, most likely this year, in the challenge to a significant share of the administration's tariffs. We review the other tariff authorities the administration has at its disposal and the implications for the federal budget outlook and financial markets if the court rules that the tariffs are illegal.

Read the report