UBS On-Air: Market Moves

Alejo Czerwonko, Chief Investment Officer for Emerging Markets Americas at UBS, discusses the evolution and performance of emerging market bonds, comparing them to US Treasuries and investment grade bonds. He also provides insights on short-term opportunities and long-term projections, clarifying misconceptions around investing in emerging market bonds in the second half of the year.

UBS global chief economist Paul Donovan discusses the unreliability of current GDP data revisions and the disconnect between GDP growth and real living standards. He also touches on the political manipulation of GDP figures and the potential market impact of upcoming personal consumer expenditure deflator prices. Additionally, he provides insights into the Riksbank rate decision in Sweden and Japan's surprising retail sales boost.

Our conversation revisits the possibility of a ‘Roaring 20s’-style economy to take shape in the US, as we review the updated assessment of such a scenario from the UBS Chief Investment Office. Featured is Jason Draho, Head of Asset Allocation Americas, and Paul Hsiao, Asset Allocation Strategist Americas, UBS Chief Investment Office. Host: Daniel Cassidy

A monthly check on US equity market performance and positioning considerations with Jeremy Zirin, Senior Portfolio Manager, and Head of the Private Client US Equity Team, and Dominic Schagar, Senior Equity Investment Specialist with UBS Asset Management.

ECB speaker Rehn suggests two rate cuts, in line with economists' views. Discussion on ECB agenda, UK data releases, political events like French parliamentary election debate, retirement age, and economic benefits of volunteering post-retirement.

Our conversation today focuses on the current election cycle as it relates to the potential impacts of political bias when it comes to financial decision making, and how to navigate accordingly. Featured are Justin Waring, Senior Total Wealth Strategist, and Ainsley Carbone, Retirement Strategist, from the UBS Chief Investment Office. Host: Daniel Cassidy

Guests from UBS Asset Management's Multi-Asset Team discuss the cooling U.S. economy, global growth trends, and expected rate cuts from the ECB in Europe. They highlight positive consumer spending, a balanced labor market, and increasing manufacturing activity.

Jay Dobson is joined by Dave Intoppa for an in-depth conversation about where we are in the energy transition story, including a look at technological innovations, investment considerations, and what to expect in the years (and decades) ahead. Featured are Jay Dobson, Energy and Utilities Sector Strategist Americas, with the UBS Chief Investment Office, and Dave Intoppa, Portfolio Manager, at Newton Investment Management (BNY Investments). Host: Daniel Cassidy

In the absence of interesting data, markets focus on less important things, like politics. France has a political debate between current Prime Minister Attal, Rassemblement National president Bardella, and Nouveau Front Populaire leader Bompard. Presumably they will promise voters everything that they desire, without explaining how it will be paid for. Some plans are estimated to cost two Trusses (4% of GDP of unfunded commitments). The reality of government is likely to moderate such plans.

The podcast features Min Lan Tan, Paul Donovan, and Sundeep Gantori discussing topics like global rate cutting, US election impact on markets, predictions for Asian asset classes, implications of the US election on Asia, and insights on AI investments and valuations.