• US Senate approves budget, paves way for taxes

    On Friday, the US dollar Index rose slightly and and two-year Treasury yields recovered as much as 3bps after the Senate approved the budget blueprint. The budget paves the way for a simple majority Senate vote on an eventual tax bill, limiting Republican reliance on bipartisan support. more

  • All good so far

    The CIO is making no changes to its tactical asset allocation position this month, writes Global Chief Investment Officer Mark Haefele in his monthly letter. The global economic outlook is bright. more

  • What is a bubble?

    In financial terms the word "bubble" is like the word "recession"; often used, but lacking a proper definition. more

  • Smart mobility set for takeoff

    Whether it's electric cars, self-driving vehicles or car-sharing facilities, smart mobility is on the rise. CIO expects the trend to revolutionize the auto industry, as well as the way vehicles are "consumed". A new long-term theme looks at how investors can gain exposure. more

  • Blockchain: Investing today

    Despite challenges, we are confident that as blockchain technology matures, and with increased investments from large corporations and governments, these teething problems will eventually be resolved, but it will take time. more

  • Jane's retirement decisions

    While still a relatively recent creation, pension systems represent a major achievement of modern welfare states. However, regardless of the type of pension scheme, current and future retirees should not rely on them to maintain their lifestyle. more

  • Blockchain and its challenges

    Blockchain could lead to significant disruptive technologies but shortcomings need to be resolved. It's also unclear which applications will prove most useful/profitable. And industry-related revenue and profitability is currently limited. more

  • Inflection point for connected devices

    The Internet of Things (IoT) refers to a network of connected devices, with everyday objects constantly sending and receiving data. This combination of connected chips and sensors turn everyday objects into smart devices. more

  • Belt and Road: Ancient Ideas in the modern world

    Breathtaking in its vision and unparalleled in terms of the potential connectivity, UBS Chief Investment Office (CIO) believes the Belt and Road Initiative (BRI) could usher in significant, long-term benefits for China and other nations. more

  • Tax reform: Information technology

    The potential impacts of the proposed tax reform are fairly limited for the Information Technology sector given the already low effective tax rate and relatively low capital intensity. more

  • Blockchain could disrupt these six industries

    We believe blockchain can power disruptive technologies in six major industries – financials, manufacturing, healthcare, public services, utilities and the sharing economy – and generate annual economic value of USD 300-400bn globally by 2027. more

  • Tax reform: Financials

    We expect tax reform to be a broad-based positive for the US Financials sector as it should lower expenses and boost growth across the US economy. more

  • Record inflows into equity funds

    A record $6.6 billion flowed into global equity funds in the past week, the highest weekly inflow ever, according to data compiler EPFR Global. UBS Chief Investment Office (CIO) remains overweight stocks over bonds. more

  • Will the Fed delay further rate hikes?

    The recent minutes from the Federal Open Market Committee (FOMC) have shown a lack of consensus on the inflation outlook. CIO strategists Jon Gordon, Vincent Heaney, Christopher Swann and Sagar Khandelwal explain what this means in terms of Fed rate hike expectations. more

  • Why is inflation low?

    Why is inflation low? The best argument is that independent central banks (run by economists) are good at their job. more

  • Hong Kong: More land needed

    Hong Kong Chief Executive Carrie Lam's policy address was a step in the right direction, says UBS Chief Investment Office (CIO), but the lack of mention of farmland conversion to increase land supply was a small disappointment. more

  • The Fed's inflation conundrum

    Minutes of the 20 September FOMC meeting confirmed our view that the lack of consensus on the inflation outlook is the main factor driving the lack of consensus among FOMC members on the future of Fed policy – what separates the "doves" from the "hawks." more

  • Will the ECB rush to withdraw monetary stimulus?

    The euro rose 0.6% to an October high on Tuesday amid European Central Bank (ECB) board member Sabine Lautenschlaeger stating it may be time to “put unconventional tools back into the box,” and that the factors subduing inflation were temporary. more

  • What next for bond markets?

    Central banks' accommodative monetary policy depressed bond yields for much of the last decade. But with the Fed starting to reduce the size of its bond holdings, and further rate hikes on the cards, what should bond investors expect looking ahead? more

  • China prepares for the 19th Party Congress

    The new generation of leaders emerging from China's 19th Party Congress will be less burdened by political concerns, freeing them up to develop the economy further, says UBS Chief Investment Office (CIO). more

  • OPEC indicates oil market is rebalancing

    Oil prices found support early in the week after OPEC indicated that the market was in a rebalancing mode and as several U.S. crude facilities in the Gulf of Mexico remained shut in by Hurricane Nate. more

  • Recovery in European energy

    The past few years were challenging for the energy sector and led to a change in focus from growth toward generating cash flows and restoring profitability. This strategy seems to have paid off and Eurozone sector earnings for the first six months of 2017 are up 17.5 percent y/y. more

  • EURUSD: Between politics and central banks

    CIO continues to forecast EURUSD at 1.18 in three and six months, and 1.20 in 12 months. Allowing for some fluctuation, a trading range of 1.15 to 1.20 appears realistic. US tax plans and ECB policy have the potential to surprise. more

  • Sterling at one-month low as political woes weigh

    Sterling fell to a one-month low against the greenback this week, after the UK prime minister fumbled during a speech at the Conservative Party conference. Be prepared for more volatility, says UBS Chief Investment Office (CIO). more

  • Is China's RRR cut a policy reversal?

    Hong Kong-listed Chinese banks gained 4.9% in the last two trading days after China’s central bank announced a targeted 50bps cut to its required reserve ratio (RRR), effective 2018. more

  • Facing Fed facts

    Inflation may have stayed low in recent years simply because independent central bankers are good at their jobs. Increasingly independent central banks helped lower inflation rates around the world. more