UBS On-Air: Paul Donovan Daily Audio 'Consumers versus prices'
US September retail sales data were old news, but slightly softer. While it is tempting to blame the accelerating US inflation rate, retail sales are nominal numbers and include inflation effects. Pessimism should be limited, however. The numbers will almost certainly be revised. Ongoing shifts in consumption patterns have consequences (Instagrammers showcasing their latest holiday contribute less to retail sales than buyers of new washing machines). Credit card data suggests no reason to panic.
-------- Â
3:02
--------
3:02
Top of the Morning: CIO Strategy Snapshot - Further adjustment
Jason drops by to explain the contributing factors to recent volatility and pullbacks across parts of the equity market, and shares expectations for the upcoming December FOMC policy meeting (now that government issued economic data is once again flowing). Plus, thoughts on how investors should position portfolios heading into year-end, and into 2026. Featured is Jason Draho, Head of Asset Allocation Americas, UBS Chief Investment Office. Host: Daniel Cassidy
-------- Â
15:19
--------
15:19
UBS On-Air: Paul Donovan Daily Audio 'Rate cut speculation'
Federal Reserve Governor Waller advocated a December rate cut, citing labor markets. If Waller is seriously concerned about employment, this would be a worrying signal for the US economy, where growth depends on low unemployment fears. If this is an attempt to be picked as US President Trump’s new Fed chair, markets are likely to focus on the potential accommodation and ignore suggestions of economic risk.
-------- Â
2:52
--------
2:52
Macro Monthly Podcast with UBS Asset Management
Join Evan Brown, Head of Multi-Asset Strategy and Portfolio Manager for UBS Asset Management, for an assessment of the current macro and geopolitical environment. Recorded on 25.11.05
-------- Â
13:31
--------
13:31
UBS On-Air: Paul Donovan Daily Audio 'Fiscal largesse for no progress'
The lower house of the French national assembly rejected the latest revenue parts of the French budget. An unaltered budget proposal now goes to the Senate. Anyone who pays attention to French fiscal matters will not be surprised—the constitution of the current (fifth) Republic, and the lack of a government majority allows for quite a lot of complex procedure before something is agreed. Something like a French government shutdown is inconceivable.
South Africa