UBS

Hong Kong

24 January 2019: Autopilot shutdown

– Equities have rebounded from December’s sharp fall after encouraging rhetoric about Federal Reserve policy, US- China trade, and Chinese stimulus measures.

– Recent data releases point to stabilization, but global growth has slowed versus 2018.

– Optimistic US-China trade talk now needs to be followed by concrete action, and, with no 2019 US rate hikes priced in, investors should be mindful of policy disappointments.

– We keep our hedged overweight position in global equities, but reduce risk exposure by closing our overweight position in emerging market sovereign debt, while adding two new relative value trades.

Individuals around the world look to UBS to provide them with the advice, expertise and opportunities they need to grow their wealth.

Leading companies and institutions in more than 50 countries rely on our financial resources, expertise and infrastructure to help them grow their businesses, manage their risks and invest for the future.
In Switzerland, we fulfill every kind of banking and investment need, from savings and credit cards to mergers and acquisitions.

See how our unique global presence and capabilities can help you achieve your financial goals. 

Moving society towards a more positive future - now that's an idea we can all get behind. From finding innovative solutions, to partnering and leading by example, we're making it happen.

UBS fosters a development and learning culture that creates opportunities for every employee to grow as an individual and provides a platform to empower them professionally. Despite the size and scope of the organization, you'll see that you work for a firm that values you as an individual.