Finanzwissen

Markets Art Cashin – 'On the Markets'

Each week, Art Cashin, the Director of Floor Operations at the NYSE for UBS, discusses the latest news and events impacting the mehr markets. This week: thoughts on continued market volatility, trade rhetoric, next week's Fed meeting implications/expectations, a potential government shutdown and what's next for Brexit.

  • UBS House View The birth of tragedy?

    The interplay between considered analysis and emotional decision making at work in markets today brings to mind Friedrich Nietzsche’s book The Birth of Tragedy, writes Mark Haefele, Global Chief Investment Officer. mehr

    • von UBS Editorial Team
    • 14. Dec 2018
  • European economy Life after QE: A more dovish ECB

    The ECB has joined most of the world's other big central banks in halting crisis-era stimulus schemes, but the Eurozone economy is far from out of the woods, according to UBS CIO Global Wealth Management. mehr

    • von UBS Editorial Team
    • 14. Dec 2018
  • UBS House View - Daily US Don't let negative sentiment obscure the positives

    Asian and European equities fell on Friday after weaker-than-expected Chinese data revived fears about China’s slowing economy. In November Chinese retail sales grew at their slowest pace since 2003, and industrial production grew by a weaker-than-expected 5.4%, overshadowing a further stabilization in fixed asset investment growth. mehr

    • von UBS Editorial Team
    • 14. Dec 2018
  • Sustainable Investing 1.5 billion fewer plastic bags

    Australia has reduced the use of plastic bags by 80% in three months after major retailers banned their use. Plastic waste is a growing environmental concern, but this case shows what can be accomplished if society works together to combat environmental challenges. mehr

    • von UBS Editorial Team
    • 14. Dec 2018
  • ETFs Credit ETFs: Naughty or nice?

    Volatility has picked up this year and not surprisingly, investors are becoming more defensive. Credit sensitive ETFs have seen outflows while higher quality fixed income segments have seen inflows. For the credit sensitive ETFs, are the liquidity concerns that ETF critics have been highlighting now coming to fruition? mehr

    • von UBS Editorial Team
    • 13. Dec 2018
  • Preferred securities To pounce or to pivot

    After spiking through early October rates have dropped but that supportive move was overwhelmed by credit spread widening. Amid heightened risk aversion, spreads have surged over the past two months to the highest levels in more than two years. Relentless ETF outflows and a recent drop in rate expectations are adding to pressure for USD 25 par and USD 1,000 par preferreds, respectively. mehr

    • von UBS Editorial Team
    • 13. Dec 2018
  • Precious metals Gold: Chasing momentum?

    While gold prices have bounced off the year's low set in August, UBS Chief Investment Office (CIO) wouldn't chase the current rally "from a momentum" angle, it says. It does still see gold as insurance in a portfolio, and actually targets the commodity to move to USD 1,300 per oz in 12 months. mehr

    • von UBS Editorial Team
    • 13. Dec 2018
  • UBS House View - Daily Asia Theresa May wins vote of no confidence

    UK Prime Minister Theresa May survived on Wednesday a vote of no confidence in her leadership. Two-hundred Conservative MPs voted in favor of May staying as their leader, 117 voted against. mehr

    • von UBS Editorial Team
    • 13. Dec 2018
  • Sustainable investing Shelling out compensation for carbon cuts

    Royal Dutch Shell's multi-year tug-of-war with shareholders is nearing its conclusion. Last week, CEO Ben van Beurden conceded to shareholder demands and, in conjunction with Climate Action 100+, a group of 300 investors with over USD 32 trillion in assets under management, announced new carbon emissions targets that will directly link to executive pay, a first among the company's peer group. mehr

    • von UBS Editorial Team
    • 12. Dec 2018
  • UBS House View - Daily US Brexit uncertainty deepens

    Whether UK Prime Minister Theresa May can secure parliamentary consent for the Brexit Withdrawal Agreement remains highly uncertain. She is facing a no-confidence vote triggered by members of her own party, along with EU unwillingness to modify the terms of the deal she previously negotiated. mehr

    • von UBS Editorial Team
    • 12. Dec 2018
  • Market Commentary Are bond traders better than economists?

    Long-term bond yields in the US may fall below short-term interest rates. That is an inversion of the yield curve. Some people think this is a recession signal. mehr

    • von UBS Editorial Team
    • 12. Dec 2018
  • Technology When you think blockchain, think Cleveland.

    Hype is the biggest risk in any emerging technology, and one of our concerns around blockchain has been vendors' grandiose plans to "reinvent" global industries with incredibly long value chains. Simply put, we've "seen this movie before" and it typically ends the same way – remember how we were supposed to be flying in 3D-printed planes by now? mehr

    • von UBS Editorial Team
    • 11. Dec 2018
  • Intellectual Capital Blog MLPs: Revisiting the "how"

    We continue to have a constructive view of the master limited partnerships (MLP) and energy infrastructure sector, and believe the need for new pipeline, processing and storage infrastructure in the US supports the outlook looking into 2019. mehr

    • von UBS Editorial Team
    • 11. Dec 2018
  • UBS House View - Daily US Protests loosen French government purse strings

    French President Emmanuel Macron appeared to buckle in the face of widespread rioting on the streets of France on 10 December, promising broad tax relief for struggling workers and pensioners. mehr

    • von UBS Editorial Team
    • 11. Dec 2018
  • Market Commentary Year Ahead 2019: Equities

    Equity investors should brace for volatility, but stay invested. Look for value to outperform growth in the US and emerging markets, and consider neglected sectors like US financials and global energy. mehr

    • von UBS Editorial Team
    • 11. Dec 2018