UBS On-Air: Market Moves Client Strategy Office

Following a pause of arms shipments to Israel from the US, Shane outlines what the response has consisted of and what might come next. We also cover this week’s efforts to remove House Speaker Mike Johnson from his post, along with the testimonies on Capitol Hill surrounding antisemitism across US school campuses. Featured is Shane Lieberman, Senior Governmental Affairs Advisors, Governmental Affairs US. Host: Daniel Cassidy

We revisit our conversation on the emerging markets and outline CIO’s current thinking when it comes to equity and fixed income positioning within the broader asset class. We also explore risk factors, spanning inflation to geopolitical concerns. Featured is Chi Amaechi, Emerging Markets Strategist, UBS Chief Investment Office. Host: Daniel Cassidy

Media reports suggest US President Biden plans to announce new taxes on US consumers of products from China, specifically, electric vehicles and solar products. These taxes are not as broad as the consumer taxes imposed by US President Trump, but they are reflective of the trends of scapegoat economics and prejudice politics. Economic nationalism is a specific manifestation of those trends.

Sweden’s Riksbank followed the Swiss National Bank’s leadership with an interest rate cut. The move was generally though not universally expected by financial markets. The press conference implied that lower inflation was driving interest rates lower, and that more rate cuts may be forthcoming later this year.

Hear the latest thinking and investment recommendations from the UBS Chief Investment Office with Dan Scansaroli, Head of Portfolio Strategy & UBS Wealth Way Americas, and Nadia Lovell, Senior Equity Strategist Americas.

Sweden’s Riksbank is expected to cut interest rates at its meeting today (this is a widespread but not a universal expectation). Swedish inflation is some way above 2%, but the trend has been for slower price increase. In cutting rates, the Riksbank would simply be following inflation lower (as with the earlier Swiss rate cut).